Question

In 1776, an economics book titled .............. was published to promote the concept of free enterprise.

Answer 1

In 1776, an economics book titled “The Wealth of Nations” was published to promote the concept of free enterprise.

Further Explanations:

Adam Smith a Scottish philosopher was the writer of the book “The Wealth of Nation” explaining the Mercantilism system of his era.The core of the Smith Thesis was that every human has a regular tendency for its self-interest that results in the opulence.As per the theory, it was explained that for a “stable economy’ the nation should sell goods overseas without much import. By promoting the domestic Industry we can confer that we are intending to secure our own nation's interest and directing the production in such a way to produce goods of great value.  

Being a philosopher by trade he clearly clarified that the system of wealth was fixed and finite and was in the hoard of collecting tariff products and gold from overseas. A human promotes public attentiveness through their routine economic choices. So, as per him granting everyone liberty to produce goods and exchange goods as per the market would endorse greater prosperity with stringent governmental regulations.  

Learn More

1. In 1972 the wrath of hurricane Agnes resulted in the evacuation of a Pennsylvania town due to the rising water of what river?brainly.com/question/10069321

2. From which country did the united states need to buy rights before building a canal across Central America?brainly.com/question/653966

3. The impact of Furman v. Georgia (1972) was that states had to promise to use the death penalty only with approval from the Supreme Court. Throw out the old Miranda warning and write a new one. Agree to throw out all state laws regarding crime and impose national standards. Create clear standards to be applied fairly before imposing the death penalty?brainly.com/question/637963

Answer Details

Grade: High School

Subject: History

Chapter: Economy

Keywords: Adam Smith, Scottish philosopher, The Wealth of Nation, Mercantilism system, tariff products, overseas, opulence, stringent governmental regulations, philosopher, stable economy,Smith Thesis

Answer 2

The book entitled Wealth of Nations was published by Adam Smith to promote the ideals of capitalism and free enterprise in the year 1776. Smith believed that capitalism would ultimately promote a more prosperous and growing economic standing for those who could implement it properly.