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ELEN [110]
3 years ago
7

How did Adam Smith's philosophy influence the economy locally and globally?​

History
1 answer:
monitta3 years ago
5 0

Answer:

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.

Explanation:

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