According to Adam Smith, what is the primary source of a nation's wealth?

A) The amount of gold and silver in the government's possession.
B) A spirit of cooperation in which people share according to their means.
C) Strong central planning authorities.
D) The people's ability to produce products and trade in free markets.

Nation's Wealth

The total value of all assets and resources owned by a country, including natural resources, human capital, and financial assets.

Adam Smith

An 18th-century Scottish economist and philosopher, widely considered the father of modern economics, best known for his works on the principles of free market capitalism.

Free Markets

Economic systems in which the prices for goods and services are determined by the open market and consumers, without government intervention.