Adam Smith argued that the key to economic prosperity was ______.

Question

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Adam Smith believed that in a free market, individuals pursuing their own self-interest would lead to the most efficient allocation of resources and ultimately result in economic prosperity. This concept is known as the "invisible hand" of the market. Smith did not advocate for nationalization of industries, redistribution of wealth, or the elimination of the division of labor.

Adam Smith Argued That the Key to Economic Prosperity Was