0
A pioneer in the automobile industry implemented the concept of what which was first introduced by Adam smith?
A pioneer in the automobile industry implemented the concept of the laws of supply and demand that were first introduced by Adam Smith. That automobile industry pioneer was Henry Ford.
What else can I help you with?
Who introduced the concept consumers surplus?
Alferd Marshall....
Who introduced the concept of net economic welfare?
Samuelson
How is the concept of an energy-backed currency being implemented in the current financial system?
The concept of an energy-backed currency is not widely implemented in the current financial system. However, some cryptocurrencies like Bitcoin are mined using energy-intensive processes, which can be seen as a form of energy backing. Additionally, there are discussions about creating digital currencies backed by renewable energy sources to promote sustainability in the financial system.
What is an example of an infant industry and how does it demonstrate the concept of infant industry protection?
An example of an infant industry is the solar energy sector. Infant industry protection involves government policies such as subsidies or tariffs to help new industries like solar energy grow and compete with established industries. This support is temporary and aims to help the infant industry become self-sufficient and competitive in the long run.
Who evolved concept of elasticity of demand?
The concept of elasticity of demand was primarily evolved by economists Alfred Marshall and Arthur Cecil Pigou. Marshall introduced the idea in his seminal work "Principles of Economics" in the late 19th century, where he defined elasticity as a measure of how quantity demanded responds to price changes. Pigou later refined the concept, helping to establish it as a fundamental principle in microeconomic theory.
A pioneer in the automobile industry implemented the concept of which was first introduced by Adam smith?
The pioneer in the automobile industry implemented the concept of assembly line, which was first introduced by Adam Smith. The assembly line revolutionized the manufacturing process by dividing production tasks into smaller, specialized tasks, increasing efficiency and productivity in the automobile industry.
A pioneer in the automobile industry implemented the concept of first introduced by Adam Smith?
Henry ford/ assenbly line production :)
A pioneer in the automobile industry implemented the concept of which was first introduced by Adam Smith.?
Henry Ford/ Assembly line production
The method used to produce hit record after hit record at Motown was?
the assembly-line concept used in the automobile industry.
Motown borrowed a production concept in oder to mass produce hit record s what was that concept?
The assembly-line concept used in the automobile industry
What was general motor's Alfred sloan's major contribution to the automaking industry?
Alfred Sloan's major contribution to the automobile industry was having automobiles have model years. This concept also led to planned obsolescence.
The automobile industry's production methods had a lasting effect on Berry Gordy Jr's business philosophy to the point that he set up his record company to reflect the concept?
true
CONCEPT OF CASHLESS POLICY INTRODUCED BY THE CBN IN NIGERIA?
Yes, the concept of cashless policy was introduced in NIGERIA.
What country introduced the concept of ecotourism?
Costa Rica introduced the concept of ecotourism.
Who introduced the concept of 'electric fields'?
Michael Faraday first introduced the concept of electric fields/
Who introduced the concept of the Festivus pole?
The concept of the Festivus pole was introduced by the writter Dan O'Keefe. He claimed his family used the concept as early as 1966 but it was introduced to the world through the show Seinfeld in 1997.
Who do you think was the individual most responsible for the growth of the automobile industry was?
The individual most responsible for the growth of the automotive industry is Henry Ford. He created the concept of the assembly line, and paid his workers well so they would do a good job. I agree that Henry Ford had much to do with the growth of the automobile industry but he did not create the concept of the assembly line. That distinction goes to Ransom E. Olds. The Curved Dash Olds was the first mass produced car from an assembly line. 19,000 were produced between 1901 and 1907.
