According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.
<h3>Who was Adam Smith?</h3>
Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.
Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.
Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.
According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.
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1. to encourage new ways of thinking among some political leaders
2. gave rise to new political ideals
3. promoted an optimistic faith in the future
4. the trend toward secular attitudes in society
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It was China, Korea, and Japan
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a minor change or addition designed to improve a text, piece of legislation, an article added to the US Constitution. Something which is added to soil in order to improve its texture or fertility.
Explanation:
An amendment is a formal or official change made to a law, contract, constitution, or other legal document. It is based on the verb to amend, which means to change for better. Amendments can add, remove, or update parts of these agreements.
Frederick Taylor, at east thats what it says on quizlet. Hope this helps...
