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31 March, 05:21

According to Adam Smith what makes a nation wealthy?

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  1. 31 March, 06:20
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    Explanation: The mercantilist nations believed that the more gold and silver they acquired, the more wealth they possessed. Smith believed that this economic policy was foolish and actually limited the potential for "real wealth," which he defined as "the annual produce of the land and labor of the society."
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