Adam Smith and the Wealth of Nations


Adam Smith believed nations become wealthy when
citizens are free to use their money to do what they
want to do.

He promoted "Laissez-faire" government. Adam
Smith advocated...

-1) Freedom to own property.

-2) Production is governed by the law of supply and
___demand, not central government control.

-3) Freedom of owners to make a profit.

-4) Freedom to compete for customers.

-5) Freedom to buy whatever one wants.

-6) Freedom to work where ever they want.
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