In his book The Wealth of Nations, the Scottish economist Adam Smith was the first person to describe ______.

Name: In his book The Wealth of Nations, the Scottish economist Adam Smith was the first person to describe ______.
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Adam Smith's book The Wealth of Nations, published in 1776, is widely considered the first comprehensive account of modern capitalism. It argued for the benefits of a free market economy and the importance of self-interest and competition in driving economic growth.

In His Book the Wealth of Nations, the Scottish Economist