(Answered) The wealth of nationsnbspanswer the following questions1

Engineering

"The Wealth of Nations". Answer the following questions.

1. What is the phenomenon that is mainly responsible for the increase in wealth and economic output in rich nations in modern times?

2. Smith uses a factory to illustrate this phenomenon. What type of factory is it?

3. What is the main factor limiting the extent to which the above phenomenon is possible?

4. Why does he say that Africa is poorer than Europe?

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