Search results for keyword: smiths
adam theory
Adam Smith’s Theory on Economics and Self-Interest
Adam Smith was a Scottish philosopher, economist, and author. He is most famous for his book, The Wealth of Nations, which is consideredthe first modern work of economics. Smith is often consideredthe founder of modern economic theory, and one of......
03/07/2023 
1038 
Lily
invisible hand
Invisible Hand
The ‘invisible hand’ is a term that was first popularized by businessman and economist Adam Smith in his landmark work ‘The Wealth of Nations.’ The concept of the invisible hand is that, in a competitive market, individuals pursuing their own self-interest unknowingly promote t......
economic mechanism
Abstract
Economic mechanisms refer to human activities based on rational cost principles that are guided by specific objectives and organized in target-oriented forms of interaction. They involve both parties in the exchange of either goods or services and form the basic foundation of a marke......
adam smith question
Adam Smith: his Influence and Impact on Modern Economics
Adam Smith, born in Scotland in 1723, was a moral philosopher, political economist, and a pioneer of economic theory. He is widely regarded as the father of modern economics and capitalism, and is credited with establishing the discipline o......
Economic Development Theory
The Theory of Economic Development
Economic development is an important concept in the study of economics. It is generally defined as the expansion of a countrys economy in terms of productivity, output, and purchasing power, and can be measured by such factors as gross domestic product (GDP), to......
boiling plate
History of Boiling Steel Plate
Boiling steel plate has become a common material in many industries since its invention. The process of boiling steel plate involves subjecting the steel plate to extremely high temperatures until the steel plate softens and turns into a liquid. This allows the stee......
Japanese sword
Japanese swords are one of the most iconic weapons in Japanese culture. The Japanese sword is a type of curved, single-edged blade used primarily in feudal Japan by the Samurai warriors. It is also known as the Samurai sword, Katana, or Ninjutsu sword. The blades are forged from high-carbon steel ......
Development of the Steckel Mill
Introduction
Steel is undoubtedly the core material of the modern industry. It is widely used in construction, bridges and roads, disaster relief, aerospace, shipbuilding, automobiles and many other fields. With market demands growing, higher requirements are imposed on product quality, environme......
Fracture Analysis of Door Lock Spring
Analysis of the Breakage of Door Lock Springs
Introduction
The door lock is an important part of the door which ensures that the door stays closed when it is shut. The locks work by means of springs, which compress when the door is closed, and then release to open when it is opened. When these s......
gold wrong process
Goldsmiths are essential artisans in many parts of the world, creating and repairing jewelry and other objects crafted from precious metals such as gold and silver. Working with gold requires skill, knowledge, and specialized tools and techniques, making the goldsmithing process fascinating and re......
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