Economist Adam Smith's position on the freedom of markets, the true source of wealth, and the division of labor is captured in his seminal thesis, the Wealth of Nations.
<h3>What was Adam Smith's position on these issues?</h3><h3>Freedom of markets: </h3>
Adam Smith postulated that markets should be free and not regulated because the free market mechanism ensures stability and prosperity for all.
<h3>The true source of wealth: </h3>
Adam Smith noted that the true source of wealth of any nation is a free enterprise nurtured on self-interest.
<h3>Division of Labor: </h3>
Adam Smith contended that division of labor ensured mutual interdependencies and is only limited by the <u>extent of the market</u>.
Thus, given Adam Smith's position on these subjects, he promoted Self-interest, division of labor, free enterprise, and the operation of the market mechanism of demand and supply.
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Economists usually call an industry an oligopoly if: the four largest firms produce at least 70–80 percent of the output.
Answer: 11-false
Sorry I only know first answer
Answer:
A good citizen is a person who:
- Payes his taxes regularly.
- Takes active part in the formation of the Government (voting procedure)
- Abides by the Law and the Constitution of the country.
- Forbids other people to violet the laws.
- Takes good care of his family and Society as a whole.
- Is loyal to the country and is even ready to die for his motherland.
- do for cleanliness in country.
-
do care for natural resources of country.
you can add either reason and say 'yes, i am a good citizen since (add reason)'
<em>hope it helps</em>
