0
What is the Law of Accumulation and what is the problem that arises from it according to Adam Smith?
TrogdortheBurninator
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.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Which of following was not included in Adam smith's theory of wealth accumulation?
When labor tasks become divided, productivity decreases. A+
What was not included in Adams Smith's theory of wealth accumulation?
When labor tasks become divided, productivity increases.
What is the most important purpose of production according to Adam Smith?
According to Adam Smith, "consumption is the sole end and purpose of all production."
What is economics according to Adam Smith?
Economics is a science of wealth.
According to Adam Smith the market was directed by?
an invisible hand.
Which of following was not included in Adam smith's theory of wealth accumulation?
When labor tasks become divided, productivity decreases. A+
What was not included in Adams Smith's theory of wealth accumulation?
When labor tasks become divided, productivity increases.
What has the author A D Smith written?
A. D. Smith has written: 'The Problem of Perception' 'The T'na Chronicles' 'Microfilm'
What is the most important purpose of production according to Adam Smith?
According to Adam Smith, "consumption is the sole end and purpose of all production."
Do you capitalize professor?
Only if you're addressing him. Like, "Professor Smith, I have a problem." Or... "My instructor, Professor Smith, helped me with a problem." Not if it was like, "My professor helped my with a problem."
What number is Brad Smith of the NY Jets?
According to newyorkjets.com, Brad Smith wears #16.
Did Bessie smith have a drinking problem?
Her career came to a hault because of her drinking problem. She started drinking when she was a teen.
What are the release dates for P- Allen Smith Gardens - 2000 Plants and Problem Solvers?
P- Allen Smith Gardens - 2000 Plants and Problem Solvers was released on: USA: 23 May 2009
Why can't you smith platebodies in Runescape?
I don't know what problem you are having, but you can smith platebodies for 5 bars of whatever. There is a scrollbar you know.
What is Will Smith middle name?
Christopher - according to a 2 second search on Wikipedia !
Is Jaden Smith 7?
he is 10 according to the mags.
Will smiths net worth?
according to EOnline, Will Smith's worth is about 3.5 billion dollars.
