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Specialization and trade according to comparative advantage

Not between concepts explained in Adam Smith’s Wealth of Nations was the conception which net benefits occur from: (1) specialization and trade according to comparative advantage. (2) the division of labor in production processes. (3) reliance on the “invisible hand” of the marketplace in place of government. (4) free international trade. (5) governmental provision of all things like roads, national defense, and a legal system.

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