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Adam Smith's Wealth Of Nations
Part 1 of Paper
....of Europe and England ) how it functions to
improve abundance and how that abundance is distributed throughout society.
The amount of annual abundance in a country will depend on two
circumstances. First, by the skill, dexterity, and judgment in applying
labor. Second, by the number of those employed in useful l.... Part 2 of Paper
....ould be
divided. Metals were first used as crude bars of iron or copper with
richer nations using gold and silver. Eventually, the bars evolved into
money as we know it today, stamped by public office known as mint.
This first portion of Wealth of Nations struck me as a mini course in
basic economics. However, given the time period it was written, it did
give me an insight into how our own country prospered so greatly in such a
short time using natural resources, division of labor, and .... |
| Number of words: 400 - Approximate pages: 2 |
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