<span>In an purely socialist system, the government controls the property and distribution of income, so that the property and income can be distributed evenly among the people. Workers revolted and formed labor unions in order to improve working conditions for the workers joining the unions.</span>
state laws and customs upheld the constitutional amendments
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Of fundamental principles or established precedents according to which a state or other organization is governed.
Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.
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