Final
This economist, known as the “father of capitalism,” lived in Scotland during the 1700s and wrote The Wealth of Nations in 1776, introducing ideas like free markets and the “invisible hand.”
Who is Adam Smith?
This is the money a business earns after subtracting the costs of producing and selling its goods or services from the revenue it receives.
What is profit
This is a government program in the United States that provides financial support to retired workers, disabled individuals, and families of deceased workers, funded through payroll taxes taken from workers’ paychecks.
What is Social Security