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20 April, 00:04

What were Adam Smith's ideas about the free enterprise system? How did Smith's ideas contrast with earlier European economic ideas, such as mercantilism?

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  1. 20 April, 00:28
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    Adam Smith is one of the most important figures in the study of economics during the 18th century and is regarded as the "Father of Modern Economics." One of his famous ideas was the free enterprise system wherein the government provides less interference to the business activities in an economy.
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