answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is Adam Smiths value theory of labor?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What was Adam smiths invisible hand theory?

when you get touched by a ghost in the wrong places


After visiting the pin factory Adam smith developed which theory?

After visiting the pin factory, Adam Smith developed the theory of division of labor, which states that breaking down tasks into smaller, specialized parts can increase productivity and efficiency. Smith's observations at the pin factory highlighted the benefits of specialization in the production process.


What theory did Adam smith develope after visiting the pin factory?

Specialization and division of labor


Is Adam smiths god?

yes


What was Adam Smiths view on monopolies?

he was a staunch opponent of it


What was Adam smiths vision?

Adam Smith's vision was to promote free markets and individual self-interest as the driving forces of economic prosperity. He believed that through the pursuit of self-interest, individuals unintentionally contribute to the overall wealth of society. Smith emphasized the importance of division of labor, specialization, and limited government intervention in the economy.


Which of following was not included in Adam smith's theory of wealth accumulation?

When labor tasks become divided, productivity decreases. A+


Neoclassical economists supported which of Adam Smiths theories?

laissez-faire


What best describes Adam smiths ideas economic growth?

Nothing


Who were Adam smith's friends?

David Hume and Voltaire were his best friends and Will Smith (Adam Smiths) father was close with Benjamin Franklin, !


Who is Adam Sandlers wife on grown ups?

Salma Hayek plays Adam smiths wife in Grown Ups.


How did Adam smiths teachings re-shape the course of European economic history?

he didnt