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What are the three legal guidelines of economics?


pravesh.sharma 30th Dec, 2022
Answer (1)
pravesh.sharma 30th Dec, 2022

Smith`s three herbal legal guidelines of economics:

  • Law of self-interest – humans paint for their good.

  • Law of opposition – opposition forces humans to make a higher product for a decreased rate.

  • Law of delivery and call for – sufficient items might be produced at the bottom rate to satisfy the call for in a marketplace economy

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