Mercantilism And The Invisible Hand Analysis

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Many people say that the Declaration of Independence was the most important document to be published in the year 1776, but others would argue that it was “The Wealth of Nations”. This document alone had a large worldwide impact on society as well as the major contributions made to the economy (). Two of the important contributions are what is called Mercantilism and The Invisible Hand. Mercantilism is based on making profit by selling their goods to other countries, but not buying from those other countries (). This in return results in the profit of trade and a contribution to the economy. The Invisible Hand is based on giving freedom to everyone in order to make profit for themselves with free trade by producing/exchanging goods(). The Wealth

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