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What Did Adam Smith Believe About Economics? [Solved]

Smith believed that economic development was best fostered in an environment of free competition that operated in accordance with universal “natural laws.” Because Smith’s was the most systematic and comprehensive study of economics up until that time, his economic thinking became the basis for classical economics.

Adam Smith: The Grandfather Of Economics

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POLITICAL THEORY - Adam Smith

Adam Smith

Adam Smith: The Father of Economics

What did Adam Smith believe