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What Did Adam Smith Believe In? [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.

POLITICAL THEORY - Adam Smith

Adam Smith

Adam Smith and the Invisible Hand Theory Explained

The theory of the invisible hand attributed to

The Essential Adam Smith: Who is Adam Smith?

Adam Smith