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Adam Smith's Wealth of Nations stressed the importance of

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  • Adam Smith’s Wealth of countries stressed with the importance of supply and demand. Which social change occurred during the Industrial Revolution. Growth of the working class. Adam Smith was a big believer in the power of the market economy.
  • Adam Smith is known as father of economics. We can get his ideas about economic development from his well-known book, “An Enquiry into the character and Causes of Wealth of Nations” (1976) which has tremendously influenced the brooding about economic process and development.
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