Adam Smith's Wealth Of Nations
Beginning of paper
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 country will depend on two
circumstance ....
Middle of paper
.... the division of labor is
always limited by the extent 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 ....
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Word count: 400
Page count: 2 (approximately 250 words per page)
