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To: arrogantsob

You need to read a little deeper into your Adam Smith


65 posted on 10/16/2017 1:06:35 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ...)
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To: DesertRhino

His collection of data made it clear that monopolies (mercantilism) were drags on the economy.

Having larger markets spur the further division of labor not possible in small ones. This increases production and lowers prices for the consumer. Hence, the reason we have international trade.


104 posted on 10/16/2017 2:05:20 PM PDT by arrogantsob (Check out "Chaos and Mayhem" at Amazon.com)
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