Adam Smith (1723 – 1790) was a Scottish economist. He was deeply critical of Christianity because of his own observation of hypocrisy within Protestantism.
In 1759, Smith published The Theory of Moral Sentiments, which established Smith’s reputation in his own days, is concerned with the explanation of moral approval and disapproval. He based his explanation on sympathy as a fundamental human motive.
In 1776, he published The Wealth of Nations that became the foundation of modern economics.
There has been considerable controversy as how far there is contradiction between Smith’s emphasis on sympathy in his <em>Theory of Moral Sentiments</em> and the key role of self- interest in <em>The Wealth of Nations</em>.
Smith’s idea of letting an economy without government intervention, called today Laissez faire was not about the government granting special economic privileges to powerful manufacturers and merchants. Mercantile monopolists and their allies in Parliament today, are the great enemies of Smith’s “free market mechanism”.
The Marines Creed is an Rifleman's Creed which is the basic part of the United States Marine Corps.
England concerned itself with quantity products it exported out of the country in comparison to the countries they traded with. England did not want to be left behind and be overcome by other countries especially those in Asia. They did not export much so artists and merchants started creating and inventing goods that enabled them to compete with the Asian market.
They avoided copying Asian products by imitating products form countries like France, Holland, Switzerland and Spain (which also traded with Asia) and used techniques that were proven successful methods used by these countries for a superior output.
Answer:
They will increase
Explanation:
When the demand is high, and supply is high the prices will decrease. When supply is low, and demand is high the prices will increase. This is because if you have low supply on something, and a lot of people want your product, but you do not have enough for everyone, you will increase your price to make a greater profit. This way you can buy more supply, which will meet your demand.
Answer:
1 - a; 2 - e; 3 - b; 4 - d; 5 - c
Explanation:
