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Light refracts when traveling from air into glass because light
Wealth of Nations
A seminal book by Adam Smith, which discusses economics, markets, and the division of labor, foundational to classical economics.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his influential book "The Wealth of Nations," which is considered a foundational work in classical economics.
Labor Content
The total amount of work, measured in hours or costs, required to produce a good or service.
Transportation Cost
Expenses incurred in moving goods from one location to another, including freight charges, fuel costs, and labor.
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