The Basis of Adam Smith's General Economic Theory Is the Desire

question 37

True/False

The basis of Adam Smith's general economic theory is the desire for improving one's own condition in life.

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Definitions:

Waterways

Natural or man-made channels through which water flows, used for navigation, transportation, or irrigation.

International Technology

Technology that is globally integrated or utilized around the world, often implying technological cooperation across countries.

Cotton Industry

Refers to the sector of the economy concerned with the production, processing, and distribution of cotton as a raw material.

Sewing Industry

A sector of the economy that involves the production of clothing, textiles, and related goods, often employing manual labor and sewing machines.