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An important insight by Adam Smith, which was more fully developed over the next century, is that in ...

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An important insight by Adam Smith, which was more fully developed over the next century, is that in ...

An important insight by Adam Smith, which was more fully developed over the next century, is that in a free market the resources available to a nation are organized so as to produce the goods and services that people want with the least possible amount of resources. This concept is known in economics as

▸ productivity.

▸ efficiency.

▸ division of labour.

▸ specialization.

▸ benevolence.

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Microeconomics

Edition: 17^th

Author: Ragan

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