Which economic idea did adam smith promote in the wealth of the nations

Social Studies

1 answer:

Fynjy0 [20]2 years ago

7 0

Answer:

Smith argued that by giving everyone freedom to produce and exchange goods as they pleased, and opening the markets up to domestic and foreign competition, people's self-interest would promote greater purpose than government. Explanation:

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16. ('Foreign employment is not the permanent solution for the prosperity of a nation.' Do you agree with this statement? Presen

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Answer: Accommodating style

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3 years ago

When a supreme court justice agrees with the decision reached by the court in a case, but not with the reasons why the court mad

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Concurring opinion.

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3 years ago

The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon ________.

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The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.

In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.

To learn more about supply, click here.

brainly.com/question/28285610

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