Examlex
Explain the sociodemographic bases of political party support in Canada.
Adam Smith
A Scottish economist and philosopher, best known for his works "The Wealth of Nations," which laid the foundations for classical economics.
The Wealth of Nations
A seminal book by Adam Smith that laid the foundations of classical economics, emphasizing free markets, the division of labor, and the function of self-interest in commerce.
Free Economy
An economic system where transactions are under the control of private owners for profit rather than by the state.
Utilitarianism
A theory in normative ethics holding that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
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