The correct answer is: " Supply and demand regulate business"
According to the central thesis of The Wealth of Nations, the key to social welfare lies in economic growth, which is enhanced through the division of labor and free competition. According to this thesis, the division of labor, in turn, deepens as the extension of the markets and therefore specialization expand. For his part, Adam Smith considers free competition as the most ideal means of economics, stating that the contradictions engendered by the laws of the market would be corrected by what he called the "invisible hand" of the system.
In The Wealth of Nations, Smith assumes, in general, that the demand is relatively fixed in the short and medium term (depending ultimately on the number of people), and that, consequently, it is only the offer that makes the price go up or down
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Hidden in the mountains of northern New Mexico lies Blue Lake, or Ba Whyea, an ancient sacred site for the Taos Pueblo community. After the U.S. government appropriated Blue Lake and the surrounding area and placed it under the control of the Forest Service, the ensuing battles for Blue Lake came to epitomize Native Americans’ struggle for religious freedom and protection of sacred land.
A statement issued by the Taos Pueblo during their fight to regain parts of their homeland proclaimed: “The story of my people and the story of this place are one single story. No man can think of us without also thinking of this place. We are always joined together.” After 64 years of protest, appeal, and lobbying by Taos leaders and their supporters, Blue Lake was restored to the Pueblo in 1970.
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The president has the power to nominate ambassadors and appointments are made with the advice and consent of the Senate. The State Department formulates and implements the president's foreign policy. Learn more about ambassadors, diplomatic history, and American embassies.
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