Explaination of adam smith definition of dconomics
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The philosopher Adam Smith (1776) defines the subject as "an inquiry into the nature and causes of the wealth of nations," in particular as: a branch of the science of a statesman or legislator [with the twofold objective of providing] a plentiful revenue or subsistence for the people.♡
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Local government is a form of public administrationwhich, in a majority of contexts, exists as the lowest tier of administration within a given state.♥
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