Asked by Andy Blackwell in Uncategorized
How can you reconcile the accumulation of wealth?
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How did the accumulation of wealth in Italy provided for more leisure time in the Renaissance?
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Asked in Collective Nouns
What is the collective noun for wealth?
There is no standard collective noun for the noun 'wealth', however, the noun wealth is a standard collective noun for 'a wealth of information'. A collective noun is an informal part of language. Any noun that suits the situation can function as a collective noun; for example, an accumulation of wealth or a windfall of wealth.
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What was not included in Adam Smith's theory of wealth accumulation?
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Asked in Economics, Philosophy and Philosophers
What is the Law of Accumulation and what is the problem that arises from it according to Adam Smith?
The Law of Accumulation is the law that a business will try to accumulate unused wealth for more profit. The problem that comes from it is that eventually accumulation leads to the point when no more can be accumulated, because for more accumulation there need to be more workers, to hire more workers you would need more money. This raises the amount of money given to workers in wages higher and higher, until the accumulation the wages get drawn from disappears.
Asked in Socialism, Capitalism
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What was often given as a cause for this concentration of wealth?
Wealth does not concentrate, but polarize. Wealth attracts wealth. Suppose a rich man opens a bank. We will deposit with him thinking that he won't eat into our deposit. We will not trust our money with a poor man even if he is notoriously famous for righteousness, truthfulness and honesty. This is the simple philosophy behind the accumulation and polarization of wealth in some quarters and for its total absence in some other quarters.
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Asked in Example Sentences
What is a sentence for the word reconcile?
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How do you tell your boyfriend that you want to reconcile with your husband?