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Adam Smith (1723 – 1790) was a Scottish economist. In 1776, he published The Wealth of Nations, which became the foundation of modern economics.
Smith saw the first duty of government was to protect the nation from invasion. Next, he supported an independent court system and administration of justice to control crime and protect property. Finally Smith favoured a system of “public works” that profits-seeking individuals may not be able to efficiently build and operate.
At the beginning stages of industrialization, Smith recognized that repetitive factory jobs dulled the minds o workers. Smith wanted all classes, even the poorest, to benefit from the free-market system. This is why I think Adam Smith would agree with government interventions with businesspeople like Social Security, minimum-wage laws, child-labour laws and anti-monopoly laws.
Answer:
Ang isang demand curve o isang supply curve ay isang ugnayan sa pagitan ng dalawa, at dalawa lamang, mga variable: dami sa pahalang na axis at presyo sa patayong axis. Ang palagay sa likod ng isang demand curve o isang supply curve ay walang nauugnay na mga kadahilanan sa ekonomiya, maliban sa presyo ng produkto, ang nagbabago.
Explanation:
Answer:
the act collectively against any country that attacked a member country
Explanation:
The League of Nations was an entity devised by the countries that won World War I (1914–18)
