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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Freedom and liberty make market economies possible
If you're talking about the Revolutionary War, they were trained better, had more of everything: ammo, guns, uniforms, etc. There were more soldiers, too.
<span>The Republican president worked out an agreement with the Democratic majority in Congress to raise taxes and reduce the national debt is George H.W. Bush. Bush acknowledged the Democrats' requests for higher taxes and all the more spending, which estranged him from Republicans and offered the route to a sharp abatement in prominence. Shrubbery would later say that he wished he had never marked the bill.</span>