John Locke described the "invisible hand"? Adam Smith outlined the difference between the "home country standard" he "living wage standard"? Thomas Friedman lan Maitland described "comparative advantage"? CK Prahalad

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Creating An Environment For Growth And Prosperity
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Who described "division of labor and specialization"?
John Locke
Who described the "invisible hand"?
Adam Smith
Who outlined the difference between the "home country standard"
and the "living wage standard"?
Thomas Friedman
lan Maitland
Who described "comparative advantage"?
CK Prahalad
Who described a theory of private property based upon labor?
David Ricardo
Transcribed Image Text:Who described "division of labor and specialization"? John Locke Who described the "invisible hand"? Adam Smith Who outlined the difference between the "home country standard" and the "living wage standard"? Thomas Friedman lan Maitland Who described "comparative advantage"? CK Prahalad Who described a theory of private property based upon labor? David Ricardo
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