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Business
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| Number of pages / Number of words: |
2 / 447 |
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Competition promotes the interest of the society as a whole, even though each individual is going for their own gain.
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Adam Smith goes on and talks about prices and values of goods and how they are established separately by individuals for their own commodities without causing chaos in the economy. Prices are regulated by labor according to the Wealth of Nations. Labor "is the real measure of the exchangeable value of all commodities...
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General points of the essay
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