give short key features of the world definition of economics given by Adam Smith
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Adam Smith is considered to be the father of economics. It is not so because he was first explorer in the field of economics, also not because he revolutionized economic planning by his maiden ideas, but because he abbreviated what he had received from his predecessors and handed it down as a guide to the coming generations.
He was the editor and not the author, organizer and not the originator of economic science...
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