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Chapter 1: An Economic Way of ThinkingAdam Smith Father of Economics Said competition and a free market is key to a healthy economyYour age group is very powerful! Think about how you influence companies
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Adam Smith is widely regarded as the father of modern economics and author of 'The Wealth of Nations', which laid the foundations of classical economics.
Individuals and entities engaging in economic activities that require an understanding of Adam Smith's principles may consider 'filing' as a metaphor for adopting his economic theories.
To 'fill out' knowledge of Adam Smith, one should read his works, particularly 'The Wealth of Nations', and study his economic theories and their applications.
The purpose of referencing Adam Smith is to draw on his insights regarding free markets, division of labor, and the role of self-interest in economics.
Information typically includes a summary of his theories, contributions to economics, and relevance in contemporary economic discussions.
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