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Sri Lanka a Wealthy Nation at all Times – By Gowri Shankar The wealth of nations does not consist in the amount of gold and silver in its vaults, as mercantilists believed, but rather in the sum total of its annual production and commerce. A nation’s wealth is determined not by its currency but by the productivity of its people. A nation should focus on commerce, innovation and a well-functioning market system. Countries should focus on the unique selling preposition (USP) of the workmanship to enhance efficiency, achieve overall economic growth and build a brand for themselves. Laissez-Faire economics advocates for minimal government intervention in markets, suggesting that competition and the free market are seen as the best ways to ensure efficient allocation of resources. When left to operate without excessive government interference, markets have a natural tendency to balance supply and demand, set prices, and encourage innovation. The government’s ...