What was the main subject of Adam Smith's "The Wealth of Nations"?

Adam Smith's "The Wealth of Nations," published in 1776, primarily focuses on the principles of capitalism and the importance of free market economies. Smith advocates for a system where individuals pursue their self-interest, leading to the best outcomes for society as a whole—a concept famously known as the "invisible hand." He argues that when markets are free from government intervention, competition and innovation thrive, benefiting not only the economy but also the consumers.

The text lays the groundwork for modern economic theory by discussing the division of labor, the benefits of trade, and how wealth is generated through production and industry. Smith's insights promote the idea that economic prosperity stems from voluntary exchanges in open markets, making this work foundational to the principles of capitalism. The emphasis on individual choice and limited government intervention makes Smith's arguments central to capitalist ideology.

Other options address topics that are not the core focus of Smith’s work. For instance, socialism and communal ownership are contrary to the capitalist principles he outlined, and while "The Wealth of Nations" discusses the history of economic thought, it primarily contributes to the development of capitalism. Similarly, while trade's moral implications are touched upon, they are not the central theme of the work, which firmly supports economic individualism and