Solution-Effect of the division of labor

Effect of the division of labor

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Adam Smith argued that at birth most people were similarly talented, and that differences in individual abilities, and hence productivity, are largely the effect of the division of labor, not its cause. What implications does that insight have for economic policy, and for the way we should treat others who receive less income than we do?

Reference no: EM131220307

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Effect of the division of labor

Reference no: EM131220307

Reference no: EM131220307

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