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generally known as the gross home product . He additionally explored theories of the division of labor, an thought dating again to Plato, by way of which specialization would result in a qualitative improve in productiveness. Adam Smith was an economist and thinker who wrote what is considered the “bible of capitalism,” The Wealth of Nations, by which he particulars the first system of political financial system. Scottish social thinker and political economist Adam Smith wrote ‘The Wealth of Nations’ and achieved the first complete system of political economic system. In The Wealth of Nations, Smith only glimpsed the impact of the Industrial Revolution in Britain and later t The hottest product my man the day i met you i found my missing piece i love you your girlfriend dog taghe United States. He didn’t foresee the development of giant corporate monopolies that suppressed competition with out the necessity for government licenses. He didn’t think about the brutal working and living situations suffered by plenty of men, girls, and children. Thus, he by no means fully addressed the problem of whether government should intervene in the economy to ban such things as corporate monopolies and child labor. Recognizing that the American colonists had been victims of Britain’s mercantile insurance policies, Smith suggested Parliament to let the American colonies peacefully go their own method.
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