adam smith


While his exact date of birth isn’t known, Adam Smith’s baptism was recorded on June 5, 1723, in Kirkcaldy, Scotland. He attended the Burgh School, where he studied Latin, mathematics, history and writing. Smith entered the University of Glasgow when he was 14 and in 1740 went to Oxford.
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definition of capitalism

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.