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Who Was the Economist Who First Analyzed the Advantages of Specialization

question 71

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Who was the economist who first analyzed the advantages of specialization and the division of labor?


Definitions:

Courts of Equity

Courts that decide cases on the basis of fairness and justice, applying principles of equity rather than strict legal rules.

Provincial Court

A provincial court is a lower-level court in Canada dealing with less serious criminal offences, family law matters, and other regulatory offences.

ADR

Alternative Dispute Resolution, a range of processes such as mediation and arbitration used to resolve disputes without going to court.

Speedy Resolution

The quick settlement of a dispute or legal case without prolongation.

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