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Adam Smith believed mercantilist policies that limited trade were unwise because they restricted the natural flow of commerce and hindered economic growth. He argued that such policies created inefficiencies by prioritizing the interests of specific industries or nations over the benefits of free trade. Smith championed the idea that open markets and competition would lead to greater innovation, lower prices, and overall wealth creation, suggesting that nations would be better off by focusing on their comparative advantages rather than imposing trade barriers.
What else can I help you with?
What are the disadvantages of companies with limited resources?
1) Not recommended to foreign market as it is unwise to do so as it is given the reference to limited resources. 2)Most likely be able to get itself established only in domestic market. 3)Unable to achieve economics of scale.
What you can do to avoid and limit expenditures that cause unwise spending?
you should budget your money :)
What price when demand is zero?
If demand is zero, then the equilibrium price is zero and it would be unwise to supply such a good or service.
Why did Americans invest their money in the the stock market?
The stock market has generally been a good investment. It goes up and it goes down, but in the long term it goes up. Lots of people have profited from their investments in the stock market, even though sometimes people lose a lot of money if they make a particularly unwise investment. Remember that people who have large amounts of money need to invest it in something. If they just keep wads of currency in their safe, it will gradually lose value due to inflation. Money has to be well invested, just to retain its value.
Is monopoly evil?
They can be, but they don't have to be. "Evil" monopolies seek to control an industry by running their competitors out of business and then establishing inflated prices. A monopoly is the control of a majority of an industry or enterprise. Municipal or regional monopolies for public utilities (water, natural gas, electrical power) are common, and sensible because you don't need or want multiple competitors. However, they are very often poorly regulated, and the consumer has few viable alternatives. And because the primary concern of many companies is a return (profit) for their investors, they can make decisions that are unwise or even harmful to consumers and the general economy. --- A natural monopoly would be the city's water company. There's only ever one water company in town because there's only one set of water pipes. So the water company is a monopoly, but they are usually not an evil one, largely because there are government agencies to keep them from becoming evil.
What is another word for unwise?
unwise - foolish
What is an antonym to unwise sayings?
An antonym to unwise sayings would be wise or prudent sayings.
What are the disadvantages of companies with limited resources?
1) Not recommended to foreign market as it is unwise to do so as it is given the reference to limited resources. 2)Most likely be able to get itself established only in domestic market. 3)Unable to achieve economics of scale.
Why would it be unwise to purchase a swollen can in a grocery store?
It would be unwise because ANYTHING could of happen to it.
What is an example of a sentence using the word unwise?
In honor and memory of Kwai Chang Caine: "You are foolish and unwise Grasshopper; you will not leave until you can take the stones from my hand."
A person who is imprudent is?
unwise
What is prefixes for wise?
unwise.
What is a sentence with unwise?
It was really unwise to buy a dress on sale without trying it on because I can't return a sale item.
Can you use a graphics card that requires a power supply of 270watts on a machine with a power supply of 250watts?
I believe this would be unwise, it would overload the power supply and it may overheat.
What is opposite word of wise?
Unwise
What actors and actresses appeared in An Unwise Theft - 2007?
The cast of An Unwise Theft - 2007 includes: Ethosheia Hylton as Girl in black
What is the prefix for wise?
unwise.
