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Both men won personal fame and fortune, but relied extensively on the labor of much poorer workers. ♡
B. Both men won personal fame and fortune but relied extensively on the labor of much poorer workers.
What was Adam Smith's economic theory?
Adam Smith become the various the first philosophers of his time to declare that wealth is created thru efficient hard work and that self-hobby motivates humans to place their resources to exceptional use. He argued that profits flowed from capital investments and that capital receive was directed to wherein the most income may be made.
Laissez-faire is a policy of minimum governmental interference inside the monetary affairs of people and society. The doctrine of laissez-faire is usually associated with the economists called Physiocrats, who flourished in France from about 1756 to 1778. The term laissez-faire approach, in French, “allow doing.”
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