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(Solved): 4. Why is Adam Smith a central figure in Economics? Explain the significance of his theory in&n ...

4. Why is Adam Smith a central figure in Economics? Explain the significance of his theory in “Moral Sentiments”.

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Adam Smith is a central figure in Economics for the following reasons - *He is regarded as 'Father of Modern Economics', for his immensely valuable contributions to the field of Economics *Adam Smith is the one who put forward the idea of calculation

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