Adam Smith advocates free trade and competition to benefit the public.
Adam Smith, as discussed in his work 'The Wealth of Nations,' advocated for free trade as a means to benefit the public through increased competition. The idea is that when trade is open and competition is widespread, it benefits consumers and leads to overall advantages for the public.
This concept aligns with the belief that a free market economy guided by the principles of comparative advantage can lead to optimal allocation of resources and increased productivity, as explained by David Ricardo in his economic theories.
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