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28 June, 06:32

What were Adam Smith's three natural laws of economics?

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  1. 28 June, 09:22
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    1) its the law of self - interest. - people work for their own good

    2) tis the law of competition - competition forces people to make a better product

    3) tis the law of supply and demand - enough goods would be produced or supplied at the lowest possible price to meet the demand in a market economy.
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