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Homework answers / question archive / Adam Smith’s economic system relies heavily on all the following concepts EXCEPT: (a) market expansion will be facilitated by capital accumulation

Adam Smith’s economic system relies heavily on all the following concepts EXCEPT: (a) market expansion will be facilitated by capital accumulation

Economics

Adam Smith’s economic system relies heavily on all the following concepts EXCEPT:

(a) market expansion will be facilitated by capital accumulation. (b) prices will be driven to the lowest point at which production can still meet consumer demand. (c) market expansion will be facilitated by individual innovation. (d) resources will not be wasted.

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