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Arthur fired a gun in the middle of the desert.He intended to fire the gun,but had no reason to believe anyone else was in the area.If the bullet hits Tom,who happened to be riding his ATV across the desert:
The Wealth of Nations
A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, best known for his work "The Wealth of Nations."
Specialization
The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.
Total Output
The total amount of goods or services produced by an economy or firm within a specific period.
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