humanities
Instructions
In this assignment, write an essay in which you complete the following tasks: to identify the work from which the passage was drawn, to provide an overview of the historical and cultural context in which the work first appeared, to situate the passage in the context of the work from which it was drawn, to explain the importance of the passage to the work as a whole, and to critique the passage and the work.Note from your syllabus that your text analysis must be between 600 words and 900 words in length. These limits are absolute.You may submit papers in any of the following formats:.doc, .docx (MS Word) .odt (OpenOffice) .swd (StarOffice) .rtf (Rich Text Format, recommended for Mac users)
Answer
TEXT ANALYSIS Identifying the textThe passage originates from Adam Smiths classic 1776 publication titled The Wealth of Nations. To be specific, the passage is an extract of Book IV, Chapter two and part 1which tackles restriction of foreign imported goods that the domestic market has the capacity to produceSmith, 29). In this book, Smith goes out to interrogate the factors that enhance the creation of wealth within an economy. According to early thinkers and classical economists in general, the overriding concept was to consolidate the advantages in the domestic scene. Key to this strategy was the restriction of external participation and the preservation of opportunities in the domestic market to internal pa...
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