English version

Smith, Adam

From Longman Dictionary of Contemporary EnglishSmith, AdamAdam SmithSmith, Adam 🔊 🔊 (1723–90) a Scottish economist who strongly believed in free enterprise (=an economic system in which private businesses are free to make money, and there is not much government control). He developed his ideas in his book The Wealth of Nations, which has had an important influence on modern economic and political ideas see also Adam Smith Institute
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