--%>
Assignment Help - homework help

Advantages rising from division of labor identified by Smith

Adam Smith known three advantages rising from divisions of labor which would lead to greater economic wealth that did not include the concept that the division of labor: (w) helps every worker refine specialized skills. (x) facilitates inventions of new machinery. (y) reduces the amount of labor required for production. (z) increases worker’s personal satisfaction in accomplishing work.

Please guys help to solve this problem of economics with some explanation.

   Related Questions in Business Economics

  • Q : Problem on private resource ownership

    Relative to most of the other countries, the United States encompasses historically relied more greatly on: (1) Public resource ownership and private income distribution. (2) Decentralized decision making and private resource ownership. (3) Exports of textiles, automo

    		•
  • Q : Illustrate 2nd function to promote and

    Illustrate the 2nd function to promote and maintain competition?

    		•
  • Q : Define the ability of goods by wealth

    According to Adam Smith nation's wealth is, not the gold this possesses, but somewhat it’s: (1) number of people. (2) capability to give goods for its people. (3) foreign investments. (4) domestic financial capital. (5) militar

    		•
  • Q : Individuals self-interests and broader

    A natural harmony among individuals serving their own self-interests and the broader interests of society was the main theme of the theories of __________, although this concept was not accepted through _________. Determine the correct answer from given options: (w) K

    		•
  • Q : Explain the term Earnings per share

    Briefly explain the term Earnings per share (or EPS)?

    		•
  • Q : Why Trade barriers hurt American

    Why Trade barriers hurt American consumers?

    		•
  • Q : Problem regarding supplies-demands and

    The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer: (1) demand fell to D1 from the perspectives of beer dealers. (2) co

    		•
  • Q : Public policies for low-income Fuel

    Fuel stamp programs which subsidize heating oil purchases through low-income households encourage those families to: (w) create more income by working. (x) particularly conserve on their use of fuel. (y) live along with less purchasing power. (z) subs

    		•
  • Q : Explain the markets and prices of the

    Explain the markets and prices of the Market System?

    		•
  • Q : Importance of Earnings per share Write

    Write down the importance of Earnings per share?

    		•