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Who said It is the maxim of every prudent master of a family never to attempt to make at home what it will cost him more to make than to buy?
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∙ 11y ago
Adam Smith wrote it in the Wealth of Nations in 1776
Wiki User
∙ 11y ago
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What was the major effect of the the Stamp Act 1765 on colonial trade?
The Stamp Act imposed a tax on every piece of printed paper colonists used. Colonists viewed the Act as an attempt to make money off the colonists. They believed it set a precedent and resisted it.
What is a example of physical capital would be?
suppose that your family of 6 people washes dishes by hand every day after every meal-breakfast, lunch, and dinner-for a total of 21meals per week. It takes 30 mins per meal for two family members working together to scrape, stack, wash, rinse, dry, and put away the dishes. That's 21 hours per week that could have been spent on other more productive activities.Now, suppose that your family decides to buy a dishwasher that costs $400. Using the dishwasher, it will take 15 mins fr a single family member to clean up after each meal. At this rate. it will take the entire family only 5 1/4 hrs per week to handle this chore. The benefits that your family reaps from the free time will cover the cost of the new dishwasher, which provides the typical benefits of physical capital:1. Extra time Your family no longer has to spend 21 hrs per week doing the dishes. Instead, the family gains 15 3/4 hrs each week to use for other activities.2. More knowledge By learning how to wash the dishes by machine, family members learn more about using household appliances in general. They can apply that knowledge to the use of other labor-saving devices, such as washing machines, dryers, and microwaves.3. More productivity Because family members now have extra time and extra knowledge, they can use their resources and labor to do additional chores or other activities that are beneficial to the family.
Suppose that your house holds its own society how are the three economics questions answered?
Just apply io tto every day situations. G&S Produced- food, shelter, how to Produce-through work, for whom? family/people in house
What is the future outlook for a career in finance and economics?
It is agreed that every organisation needs multi skilled person for their job/jobs since a multi skilled person is like as a multi tasking engine. But a master of everything is the master of none.and what a fince or economics specilist can do that cannot be done by a marketing of HR or Operation specialist. Therefore each specialisation have their own value. No doubt if a company or an organisation call for interview they needs multi skilled personell for job rotation but if a company call for finance manager then they will emphasis more on finance rather then on other branches/skills. Every organisatiion need a finance manager and finance personell for their business or organisation.Also in this speed growing world the business grows speedly and each and every moment new organisation develops.To manage finance in organisatioin a finance person is needed. So the finance and economics future is bright always. But for security we have to grow ourself like multi tasking engine, since demand says what is presently now.
Is there a word for something that happens every 3 months?
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What is the Present tense of attempt?
I am attempting or Every time I attempt --------------------------- Past = I attempted Future = I will attempt. I will have attempted
How many master degrees are offered?
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You get 1exp for every small drive orb you get while in master form and 3 exp for every large drive orb
Why does every family has a story?
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Is Master of philosophy useful in India?
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Code for x999 master balls?
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Every legal matter is an attempt to decide how assets and behaviors should be aligned.
When was There's One in Every Family created?
There's One in Every Family was created in 1997.
