No as the quality of a good or service is sometimes influenced by the price and therefore cheaper items/services may be of lower quality. they could be faulty and break quickly and therefore you will end up wasting money in the long run as you will have to replace the item whereas it would have been cheaper to just invest in a better quality more expensive good or service in the first place. hope that helps!
According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.
<h3>Who was Adam Smith?</h3>
Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.
Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.
Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.
According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.
Find out more information about Adam Smith here:
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Japan is the correct answer, glad to help
Treatment, prevention, and testing.
Just took the test.
Answer:
Veteran :)
Explanation:
A veteran is a person not actively involved in a nations armed forces. :)
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