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A number of activities were taking place during the time when the Wealth of Nations was being published. The compilation of the book took seventeen years of observation by the author as he wanted to get the right course of events which were taking place during the time. Generally, the key even which was taking place during this time was the industrial revolution which was mainly taking place in most European countries. Other topics which were part of this industries revolution where the issues of division of labor and specialization, increased productivity and also increased popularity of he free market philosophy.Please let me know if you need any clarification. I'm always happy to answer your questions.
Hi, Thank You very much? can you help me with these questions? I will pay you.
1.What significant events were occurring in England and North America at the time that The Wealth of Nations was written?
2.What was Adam Smith's purpose in writing The Wealth of Nations?
3.Why does Smith think that pursuing personal interests is a more effective way to benefit society than trying to pursue the interest of society as a whole?
4.Why does Smith think that the government should stay out of economic affairs?
5.Are there any reasons why Smith's model of capitalism might not be a successful argument in favor of the free-market system? Explain.
6.Smith points out the possibility of producers contriving to raise prices. Are there other problems with the free-market system that he did not point out?but i need it in an hour if that is possible. Please i would appreciate your help
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