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Did Adam smith helped develop the assembly line and mass production?

Adam Smith's theory on the division of labour helped develop assembly lines. He said that specialization would lead to higher efficiency because a worker can become an expert at the one small job.


Where did Adam smith work when he was a boy?

As a boy, Adam Smith worked in a small town in Scotland, specifically in Kirkcaldy, where he was born. He was known to have been a precocious child, and at the age of about 14, he began attending the University of Glasgow. However, there are no specific records of him holding a formal job as a child; most of his early intellectual development took place in an academic setting rather than through employment.


What is a job loss?

job loss is when you lose your job or get fired same thing.


How much does a boss earn?

It depends on the type of job, company, and responsibilities.It depends on the type of job, company, and responsibilities.It depends on the type of job, company, and responsibilities.It depends on the type of job, company, and responsibilities.It depends on the type of job, company, and responsibilities.It depends on the type of job, company, and responsibilities.


Using examples of land labor and capital explain why economists believe that all goods and services are scarce?

Economists believe that all goods and services are scarce because all the resources used to create them are scarce. It's like a cycle. Land is all the natural resources that create all the goods and services, if this is scarce then there would be no coal or oil to fuel machines that help keep the natural resources going (capital). If there are no machines to work with then the job becomes hard for workers to do, meaning very few people would do such a job (labor). It's all a cycle of limited resources.