Final answer:
Adam Smith argued that the creation of wealth is properly the concern of private individuals, not the government. He believed in the concept of laissez-faire and the free market.
Step-by-step explanation:
False.
Adam Smith argued in The Wealth of Nations that the creation of wealth is properly the concern of private individuals, not the government. He believed that when individuals have the freedom to produce and trade as they please, society as a whole will benefit. Smith's ideas laid the foundation for industrial capitalism and the concept of laissez-faire, with the belief that governments should not interfere in the market.