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Comparing The Book 'Wealth Of Nations And Invisible Hand'

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1. Industrial Revolution – Industrial Revolution was a period in which transition from an agricultural and commercial society to a modern industrial society took place. Many technological innovations were created in this period and this then started a continuous boom of greater and greater innovations. There were creations of machineries. Moreover, there was a rise of labor unions during this time because of new advancements that made farmers or agricultural workers lose their jobs. 2. Wealth of Nations and Invisible Hand - Invisible Hand was a concept written by Adam Smith in his book The Wealth of Nations that explains the forces that drive markets to operate. He explained that an economy will comparatively work and function well if the

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