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According to Adam Smith, what is the success of decentralized market economies primarily due to?
Social Categorization
The process by which individuals classify others into groups based on shared characteristics or traits, such as age, race, or gender.
Stereotype Content Model
A framework that explains the dimensions of social perception of individuals or groups, based on warmth and competence.
Competent
Having the necessary ability, knowledge, or skill to do something successfully.
Contempt
A strong feeling of disdain or disrespect for someone or something considered worthless or inferior.
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