In 1776, an economics book titled was published to promote the concept of free enterprise. Written by Scottish economist Adam Smith, “The Wealth of Nations” was the 1776 publication that popularized the idea of free enterprise. The book,...
In 1776, an economics book titled was published to promote the concept of free enterprise.
Written by Scottish economist Adam Smith, “The Wealth of Nations” was the 1776 publication that popularized the idea of free enterprise. The book, which is regarded as one of the most significant contributions to the subject of economics, is credited for popularizing the theory of free market capitalism and advancing the notion that competition and individual self-interest in a free market may lead to economic progress and prosperity.
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