He opposed it because he felt that it made the rich get richer and since he favored the common people and felt that it wasn't fair toward the common people .
Smith is also 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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Islam came to Central Asia in the early part of the 8th century as part of the Muslim conquest of the region. Many well-known Islamic scientists and philosophers came from Central Asia, and several major Muslim empires, including the Timurid Empire and the Mughal Empire, originated in Central Asia.
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They made large-scale production possible, which increased demand and led to rapid economic growth.
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The effect of new machinery had a great impact on the economy of Great Britain because they made large-scale production possible, which increased demand and led to rapid economic growth of the country. With the help of new machinery, goods are produced in large quantity in very less amount of time as compared to labour which takes more time so new machinery plays a key role in enhancing the economy of Great Britain.
Japanese-American citizens were denied their rights and sent to internment camps, as the government believed that some of them were working with the Japanese government, and could feed intel back to them. At the end of the war, however, these citizens were released.
