Consumption is the purpose of production, according to which of the following individuals? Theodore Roosevelt Franklin D. Roosevelt Irving Fisher Adam Smith

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Brenton Giles

6 July, 10:18

Consumption is the purpose of production, according to which of the following individuals? Theodore Roosevelt Franklin D. Roosevelt Irving Fisher Adam Smith

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Frederick Shelton · Answer 1

It was Adam Smith who famously stated that "consumption is the purpose of production" in his revolutionary book, "The Wealth of Nations". This book outlines what Smith believes is the importance of a free-market economy.,