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Mixed Capitalism
An economic system blending elements of capitalism and socialism, featuring private enterprise alongside government regulation and interventions.
Invisible Hand
A concept introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests inadvertently benefit society.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories on free market economics detailed in "The Wealth of Nations."
Wealth Of Nations
A seminal book by Adam Smith that discusses what builds nations' wealth, often considered the foundation of modern economic theory.
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