Free To Choose Network | The Real Adam Smith
The Real Adam Smith
Key Concepts
Law of Accumulation
Basically this means that little things can add together to become a big thing. In business, it means the need to reinvest in one’s company so it can grow from something small to something bigger. That bigger company will also need more workers. In life it means watching your pennies, gathering them together so that eventually they add up to something much bigger.
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