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Parts could be replaced on a machine without replacing the entire machine.

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10y ago

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The change in output from hiring one additional unit of labor?

Marginal labour productivity.


How did using interchangeable part change the makeup of the labor force in the early 1800?

Fewer skilled craftsmen were required. -novanet


How did using interchangeable parts change the makeup of the labor force in the early S's?

Fewer skilled craftsmen were required. -novanet


How did using interchangeable parts change the make up of the labor force in the early 1800?

Interchangeable parts meant that you could have many inexperienced workers each making a part of the whole machine.


How did using interchangeable parts change the make up of the labor force in early 1800s?

Interchangeable parts meant that you could have many inexperienced workers each making a part of the whole machine.


How did using interchangeable parts change the makeup of the labor force in the early 1800's?

Fewer skilled craftsmen were required. -novanet


How did using interchangeable part change the makeup of the labor force in the early 1800's?

Fewer skilled craftsmen were required. -novanet


Can labor productivity decline as total output is rising?

NO. The labor productivity will rise together with total output. Vice versa


How do you increase labor productivity?

You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.


Why does Division of labor increases productivity?

specialization


What was not included in Adams Smith's theory of wealth accumulation?

When labor tasks become divided, productivity increases.


What is the important of immogration?

For the economy, it was a boost for labor productivity