Adam Smith's three natural laws of economics are:
1) the law of self - interest. - people work for their own good
2) the law of competition - competition forces people to make a better product
3) the law of supply and demand - enough goods would be produced or supplied at the lowest possible price to meet the demand in a market economy.
Adam Smith is the founder of classic economics. He reasoned that the laws of supply and demand and competition governed all business and economic activities.
Lapita people are originally from East Asia. These are following characteristics enabled them to migrate to the islands of Oceania. First, they were master seaborne which means they know well how to travel in sea. They were good in making boats. They were skilled sailors and navigators.
