To recap, self-interest and competition are very important economic forces. Self-interest is the motivator of economic activity. Competition is the regulator of economic activity. Together they form what Adam Smith called the invisible hand, which guides resources to their most valued use.
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first one
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gweh new way fi run dem wen dem
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the late fifteen century,a major world power that established colonies in the era of old imperialism was france or germany or spain.
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Their colonial activity was mainly limited to america or africa or asia.
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The right word here is "statutes."
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everything was good at the time