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Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, known for his theories on free markets, capitalism, and the "invisible hand."
Stakeholder Model
A framework that outlines the importance of considering all stakeholders in decision-making processes, not just shareholders.
Stakeholders
Individuals or groups that have an interest, stake, or claim in the actions and overall performance of a company, including employees, customers, suppliers, and shareholders.
Claimholders
Individuals or entities that have a claim or potential claim against a company's assets or income, including shareholders, creditors, and employees.
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