134k views
3 votes
How did adam smiths theory of history work to the detriment of less economically advanced non-european peoples?

User Tanasi
by
7.3k points

1 Answer

4 votes

Adam Smith's theory of history work to the detriment of less economically advanced Non-European people in getting the people rich.

Explanation:

  • Adam Smith creates GDP. Adam Smith wrote the book "The Wealth of Nation" and he was the Father of modern economics. He clearly explains the supply, demand.
  • The wealth of the nation is the short name given for an inquiry into the nature and cause of the wealth of the nation.
  • This wealth of the nation explains about wealth, productivity, labor, and markets.
  • People of Non-European who have less economic condition is getting into the advanced economical state by understanding the theory of Adam Smith.
User Edgar Grill
by
6.8k points