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How does Smith define the welth of nation? Waht factors interact to cause increase in a nation's wealth?

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How does Smith define the welth of nation? Waht factors interact to cause increase in a nation's wealth?

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  1. Smith defined wealth as the capability to enjoy the necessities, conveniences, and amusements of life. Also wealth is defined as production capability or what we might call GDP.

    Factors probably are: labor, productivity, capital. Some additional: wealth, family size, tastes and type of work (can't remember exactly).

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