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Word Count: 574
PRESENTATIONCRITICAL ANALYSIS OF THE WEALTH OF NATIONS My premature inclinations about the famous 200 plus year-old text of Adam Smith is very complementary because the specific pin-pointed principles that he entails is very simply stated and yet still applies to the everchanging economic atmosphere of the world today It holds a reciprocal effect for all involved and by our human nature alone we are inclined to band together to achieve maximum affluence for allThe fundamental basis of division of labor incredibly altered the economic landscape of every nation that chose to incorporate it almost immediately Yet continues to replinish large conglomerates as well as smaller corporations with the fruits bear bythe process of minimal apportionment of crafts allowing those laborers experince through time to hone a specific trade In the end of it all they possess the ability to combine the accumulation of the wholes production for the good of all caliber of peoples The preconception of the eventual repurcussions of certain intrical relationships such as that of town to country and excellenece to populous was revolutionary to say the least Assuming a small- market economy and a seamingly prodigious power are operating at maximum effifiency then the latter would own the advantage with machinery population employed as well as a higher degree of productivity With all the beneficial material I have encountered I do disagree with the point that he makes which is to the effect of a laizze-faire world-wide economy It is an invalid point becuase without governmental powers delving into the economic realm we would be dealing with blurred lines of ethical business and numerous anti-trust lawsuits The Chairman of the Federal Reserve Allan Greenspan meets with the other members of the delegation on a month to month basis to discuss economic tribulations and prosperitiesOn the going ons latter to the previous meeting they deduce whether or not to apply a derivation to the federal interest
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