Final answer:
Adam Smith, known as The Father of Capitalism, introduced key economic concepts such as laissez-faire and the invisible hand.
Explanation:
Adam Smith, often referred to as The Father of Capitalism, introduced foundational economic principles in his book The Wealth of Nations. Smith believed in the concept of laissez-faire, where the government plays a minimal role in the economy, and emphasized the importance of the invisible hand in balancing supply and demand in a free market.
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