Explanation:
Smith states, explicitly and repeatedly, that the true measure of a nation's wealth is not the size of its king's treasury or the holdings of an affluent few but rather the wages of “the laboring poor.”
In many ways, Pyrrhus is a foil to Hamlet. For example, Pyrrhus is impulsive and rash, while Hamlet is contemplative and indecisive.
What is Pyrrhus?
Pyrrhus was a Hellenistic-era Greek king and statesman. He was the Aeacid royal house's king of the Greek Molossians tribe before succeeding to the throne of Epirus. He was regarded as being one of the greatest generals in ancient times and was one of early Rome's strongest adversaries. He suffered intolerably high losses in a number of his victories, giving rise to the phrase "Pyrrhic victory." 13-year-old Pyrrhus had become king of Epirus in 306 BC, but Cassander overthrew him four years later. He participated in the Diadochi Wars before being helped by Ptolemy I Soter to retake his throne in 297 BC. In the course of what became known as the Pyrrhic War,
Additionally, Pyrrhus is vengeful and driven by a desire for revenge, while Hamlet is more concerned with justice. Finally, Pyrrhus is single-minded in his pursuit of his goals, while Hamlet is easily distracted.
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At the equilibrium price and quantity, there is neither a surplus nor a shortage of the product. How does price affect a seller's decision to produce a product? If the price consumers are willing to pay for a product is high, producers will produce more of that product.
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