The person who has been known up until today as the "father of modern economics" is Adam Smith. A thinker and philosopher from Scotland, born in 1723 and died in 1790, Adam Smith was given this important title because of his ideas and theories on laissez-fair and the tendency of free markets to regulate themselves by way of competition, supply, demand and self-interest. He wrote several books where he proposed his economic ideas, among which we have: The Theory of Moral Sentiments, where he expresses this ideal of a hidden hand, which means the capacity of markets to autoregulate and An Inquiry into the Nature and Causes of the Wealth of Nations. He was also the proponent of the theory of compensating wage differentials, which states that jobs that are riskier pay much better wages to workers because of the risk they represent, versus jobs that offer little to no risk. He is also known as the father of Capitalism.
<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be "Plymouth," since its harbor was not as great as others in the near vicinity, such as Boston. </span></span>
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Despite its obvious affinities with India, Sri Lanka nevertheless developed a unique identity over the ages that ultimately set it apart from its neighbour. Cultural traits brought from India necessarily underwent independent growth and change in Sri Lanka, owing in part to the island’s physical separation from the subcontinent. Buddhism, for instance, virtually disappeared from India, but it continued to flourish in Sri Lanka, particularly among the Sinhalese. Moreover, the Sinhalese language, which grew out of Indo-Aryan dialects from the mainland, eventually became indigenous solely to Sri Lanka and developed its own literary tradition.
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It was the first example of colonists forming a basic government in North America. hope this helps.
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