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GalinKa [24]
3 years ago
7

How did adam smith contribute to the economic way of thinking?

History
1 answer:
OLga [1]3 years ago
3 0
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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