Question

What basic principle of mercantilism was disproved by Adam Smith in his book, The Wealth of Nations?

Answer 1

Scottish philosopher who wrote The Wealth of Nations in 1776. Argued that money in and of itself did not constitute wealth wealth but merely its marker. He advocated Laissez-faire economic theory. Adam Smith also said that individuals should freely pursue their own economic interests

Answer 2

That there was a fixed amount of wealth in the world

Step-by-step explanation:

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