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Wealth of an Economy

What Are the ...

Question

What Are the 3 Laws of Economics?

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Solution

As per Adam Smith who is considered as the Father of economics, the 3 laws of economics are:

Law of self interest

Law of Competition

Law of Supply and demand

Also see:

What is microeconomics?

What is macroeconomics?

Difference between Microeconomics and Macroeconomics

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