3 years ago

What were Adam Smith’s three natural laws of economics?

1 answer:

Studentka2010 [4]3 years ago

8 0

1) its the law of self - interest. - people work for their own good
2) tis the law of competition - competition forces people to make a better product
3) tis the law of supply and demand - enough goods would be produced or supplied at the lowest possible price to meet the demand in a market economy.

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