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dimaraw [331]
3 years ago
13

How did adam smiths theory of history work to the detriment of less economically advanced non-european peoples?

Social Studies
1 answer:
Kobotan [32]3 years ago
7 0

Adam Smith's theory of history work to the detriment of less economically advanced Non-European people in getting the people rich.

<u> Explanation:</u>

  • Adam Smith creates GDP. Adam Smith wrote the book "The Wealth of Nation" and he was the Father of modern economics. He clearly explains the supply, demand.
  • The wealth of the nation is the short name given for an inquiry into the nature and cause of the wealth of the nation.
  • This wealth of the nation explains about wealth, productivity, labor, and markets.
  • People of Non-European who have less economic condition is getting into the advanced economical state by understanding the theory of Adam Smith.  
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