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Adam Smith's Wealth Of Nations
Beginning of Essay
This first reading of Adam Smith's, Wealth of Nations, examines the
labor force, ( in this case, of Europe and England ) how it functions to
improve abundance and how that abundance is distributed throughout society.
The amount of annual abundance in a coun .... Middle of Essay .... of market or, supply and demand. The first
trading was dependent upon commodities. This led to "common" commodities
being used for exchange such as cattle, salt, or sugar. Metals became the
preferred common commodity because they were non-perishable and could be
divided. Metals were first used as crude bars of iron or copper with
richer nations using gold and silver. Eventually, the bars evolved into
money as we know it today, stamped by public office known as mint.
This first portion of Wealth of Nations struck me as a mini course in
basic economics. However, given the time period it was written, it did
give me an insight into how o ....
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Words: 400 - Pages: 2
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