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The Real Adam Smith
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Productivity
Wealth is not silver or gold. Wealth comes from the productivity of a nation’s people. As people in a nation produce more, the nation becomes wealthier as a whole. In other words, a country that produces more...is worth more.
< Law of Population
Self Interest >
Interactive Learning
• Division of Labor/Specialization
• Expansion of Markets
• Impartial Spectator
• Invisible Hand
• Law of Accumulation
• Law of Population
• Productivity
• Self-interest
• Zero Sum Game
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