In his book, The Wealth of Nations, Adam Smith, the acclaimed father of Economics, argued that the wealth of individuals in an economy translates to the wealth of the nation. This implies that if most of the citizens of a country are living in affluence, the country is rich. The converse is also true. To say Nigeria is the poverty capital of the world does not mean that billionaires don’t exist. It is just that most of the citizens are poor. The economic doctrine…
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