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7 December, 00:48

Economist adam smith's important contribution was an inquiry as to why some nations are wealthy, while others remain poor.

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  1. 7 December, 01:04
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    That statement is true.

    Adam smith was the first figure that popularized Capitalism and the concept of Free Market.

    According to Smith, some countries are rich because we're able to utilize our resources efficiently and won the economic competition while the others couldn't.
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