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Smith is 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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Answer:
The Moors, who derived largely from Arabia and Northern Africa, ruled huge swathes of Southern Spain for seven centuries, and had a widening impact on Spanish culture. The Muslim rule of Medieval Iberia (modern-day Spain) has heavily influenced Spain's language, intellectual culture, and architecture.
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The slavery was a peculiar institution because the slaves used to show in the market as goods where they presented a pen or non-living things in the row.
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The expansion and high demand of cotton increased the demand of labor. These workers (salves) were not paid by their owners. Their owners used them as a commodity and not as human being. They used to work for long working hours without any leave or other facility at the work place.
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. South America is a continent of extremes. It is home to the world's largest river (the Amazon) as well as the world's driest place (the Atacama Desert). South America is dominated by the Andes mountains
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