Answer:-
In 1776, an influential economics book titled "The Wealth of Nations" was published by Scottish economist Adam Smith. This seminal work laid the foundations for modern economic theory, introducing concepts like the division of labor, free markets, and the invisible hand. Smith's ideas revolutionized economic thought, advocating for minimal government intervention and emphasizing the benefits of competition and self-interest in promoting societal wealth. "The Wealth of Nations" remains a cornerstone in the study of economics, influencing policymakers and scholars for centuries and shaping the development of capitalist economies worldwide.
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