Economics 1776 Chapter Notes - Chapter Smith: Tartary
18 Jun 2018
School
Department
Course
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Document Summary
The four distinct states which mankind has passed through. First they would be concerned with food, and find wild fruits and animals. Next, they would understand that taking these animals on their land and having them multiply would be beneficial. When society becomes numerous they would find a difficulty in supporting themselves by herds and flocks. Naturally turn themselves to the cultivation of land and the raising of such plants and trees as produced nourishment for them (age of. Next, people would exchange with one another what they produced that was more than necessary for their support, and get in exchange the commodities they were in need of and didn"t produce themselves. This led to the exchange of commodities across state/national lines. As society progresses, it is obvious that laws and regulations with regard to property must be very different.
