Basic principles of Capitalism

What are the basic principles of Capitalism as defined by Adam Smith in Wealth of Nations?
Its History 101 , Western Civilization Since 1700 class The topic is about What are the basic principles of Capitalism as defined by Adam Smith in Wealth of Nations? Based on Smith’s definition, in your opinion, is the 21st century US following a Capitalist system? Your essay should be 2-3 pages and based on the excerpts from The Wealth of Nations posted on Blackboard.

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