In 1776, an economics book titled was published to promote the concept of free enterprise.

the wealth of nations
the world of economy
the success of nations
the economics systems

In 1776, an economics book titled “The Wealth of Nations” was published to promote the concept of free enterprise.

Further Explanations:

Adam Smith a Scottish philosopher was the writer of the book “The Wealth of Nation” explaining the Mercantilism system of his era.The core of the Smith Thesis was that every human has a regular tendency for its self-interest that results in the opulence.As per the theory, it was explained that for a “stable economy’ the nation should sell goods overseas without much import. By promoting the domestic Industry we can confer that we are intending to secure our own nation's interest and directing the production in such a way to produce goods of great value.  

Being a philosopher by trade he clearly clarified that the system of wealth was fixed and finite and was in the hoard of collecting tariff products and gold from overseas. A human promotes public attentiveness through their routine economic choices. So, as per him granting everyone liberty to produce goods and exchange goods as per the market would endorse greater prosperity with stringent governmental regulations.  

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Answer Details

Grade: High School

Subject: History

Chapter: Economy

Keywords: Adam Smith, Scottish philosopher, The Wealth of Nation, Mercantilism system, tariff products, overseas, opulence, stringent governmental regulations, philosopher, stable economy,Smith Thesis

social contract theory, nearly as old as philosophy itself, is the view that persons' moral and/or political obligations are dependent upon a contract or agreement among them to form the society in which they live