1. The wealth of a nation depends on its ability to produce and accumulate capital through productive labor.

2. Free markets and competition are essential for efficient allocation of resources and economic growth.
3. Self-interest drives individuals to work, innovate, and improve society’s overall prosperity.
4. The division of labor increases productivity and leads to higher standards of living.
5. Government intervention should be limited to maintaining order and protecting property rights.
6. Money is a medium of exchange, not a source of wealth; real wealth comes from goods and services.
7. Mercantilism and protectionism hinder economic progress and should be avoided.
8. Wages, profits, and rents are natural returns to the factors of production.
9. Economic progress results from individuals pursuing their own interests within a free market system.
10. The pursuit of individual self-interest ultimately benefits society as a whole through the invisible hand.