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Adam Smith ‘s e book The Wealth of Nations, printed in Great Britain in 1776, distinguished between the outputs of what he termed “productive” and “unproductive” labor. The former, he acknowledged, produced goods that may very well be stored after manufacturing and subsequently exchanged for money or other items of worth. The latter, nonetheless useful or needed, created providers that perished on the time of production and due to this fact did not contribute to wealth. Constructing on this … Read MoreRead More →