Adam Smith advocated the concepts of free market and opined that he believed being operated in the economic society

Adam Smith advocated the concepts of free market and opined that he believed being operated in the economic society. According to Adam Smith, individuals strive to attain wealth by aiming only on their personal gain. These individuals however cannot consume everything that they produce and has to share it with others who value it and pay the price for it. So the public interests of the society can be satisfied by this system of division of labor and free market.Adam Smith advocated the concepts of free market and opined that he believed being operated in the economic society. According to Adam Smith, individuals strive to attain wealth by aiming only on their personal gain. These individuals however cannot consume everything that they produce and has to share it with others who value it and pay the price for it. So the public interests of the society can be satisfied by this system of division of labor and free market.