Competition and Wealth

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Difference between Competition and Wealth

Competition vs. Wealth

Competition is, in general, a contest or rivalry between two or more entities, organisms, animals, individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit. Wealth is the abundance of valuable resources or valuable material possessions.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Anthropology

Anthropology is the study of humans and human behaviour and societies in the past and present.

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Business

Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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International Encyclopedia of the Social & Behavioral Sciences

The International Encyclopedia of the Social & Behavioral Sciences, originally edited by Neil J. Smelser and Paul B. Baltes, is a 26-volume work published by Elsevier.

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Leadership

Leadership is both a research area and a practical skill encompassing the ability of an individual or organization to "lead" or guide other individuals, teams, or entire organizations.

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Natural environment

The natural environment encompasses all living and non-living things occurring naturally, meaning in this case not artificial.

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Power (social and political)

In social science and politics, power is the ability to influence or outright control the behaviour of people.

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Resource

A resource is a source or supply from which a benefit is produced.

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The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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War

War is a state of armed conflict between states, societies and informal groups, such as insurgents and militias.

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Wealth

Wealth is the abundance of valuable resources or valuable material possessions.

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