Answer:
According to Adam Smith, having more competition is better for any branch of trade because it is advantageous to the public. Based on the excerpt, when more companies do business in an industry, the public will benefit.
The Wealth of Nations is a book by Adam Smith. According to him, more competition is better for the public, and more companies benefit the public.
The Wealth of Nations is an economics and philosophical book by Adam Smith that depicts the societal benefit. According to him, the division of labor, and productivity define wealth.
The strength and skills of an individual define the labor division and increased competition in the market and industry of any area benefits the public.
When there are more industries and companies for the same products or different products then the public would benefit the most.
Therefore, the public is at profit.
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