Solved: Making a profit with scarce resources, Macroeconomics

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Making a profit with scarce resources

Question:

Argue the science of economics in the presence of making a profit with scarce resources (Michael Baye) versus Adam Smith view that people decide on the basis of sympathy with an aim for moral approval. And what modern country runs their economy on a "free market" system?

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Macroeconomics: Making a profit with scarce resources

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