Adam Smith, he was the first to write on the concept of a free market economy, the basis of Capitalism.
I'm not sure if you made a typo or not but in the current context I can only see negligible being relevant.
Answer:
i believe it would be true?????
i think
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Answer: What exactly are you asking?
Explanation:

the spinning wheel to produce textiles, the water wheel used to power machinery and the steam engine were invented. These inventions aided in speeding up the production of manufactured items.