Adam Smith (1776) has come to be regarded as the 'father' of economics because he put forward a unique proposition: that the wealth of the nation or state would be best advanced by allowing each individual in the nation to pursue freely what he himself thought were his own best economic interests. (Adam S; 1776)
In the beginning mankind grow vegetables, rear animals like chicken, cow, goat and others for their own use. The initial subsistence economic changes to barter economic when one has access of something that might be useful for others like nuts, wood, wool and others. During this t…
