State and explain two reasons why the specialization of labour is more efficient than universal self-sufficiency.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
There are two reasons why the specialization of labour is more efficient than self sufficiency F...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Question Posted:
Students also viewed these Economics questions
-
1. The first step in the decision making/problem solving process is to identify the problem. The second step involves consideration of all the alternatives to the problem. In this step, we weigh the...
-
Explain two reasons why the actual overhead cost incurred might not always equal the overhead applied to production.
-
Consider the market for doctors' services. In what way has this market taken advantage of the specialization of labour?
-
A firm has total debt of $6,000,000 and stockholder's equity is $4,000,000. The firm wants to calculate equity-to- total asset ratio in order to make decision about further raise of capital. What is...
-
Confucius Bookstores inventory is destroyed by a fire on September 5, 2015. The following data for year 2015 are available from the accounting records. Estimate the cost of the inventory destroyed....
-
Have groups find good and bad examples of advertising targeted toward seasoned citizens. To what extent do these ads stereotype the elderly? Do you think that the elderly would like or resent the...
-
The pressure distribution on the 1-m-diameter circular disk in Fig. P9.5 is given in the table. Determine the drag on the disk. Figure P9.5 r (m) p (kN/m) 0 4.34 0.05 4.28 0.10 4.06 0.15 3.72 0.20...
-
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. Her store caters primarily to tourists passing through town on their way to Yellowstone...
-
Consider the choice of buying one of two cars: an electric vehicle (EV), which costs $60,000, and a plug-in hybrid electric vehicle (PHEV), which costs $50,000. Suppose you expect to own the vehicle...
-
1. Is Summit Software a gazelle? Support your answer. 2. What problems may Jim face owning such a fast-growing business? 3. Are gazelles more important to the economy than traditional growth...
-
For each of the following situations, explain how a change in the stated "price" is likely to affect your incentives regarding the stated decision. a. The price of ski-lift tickets; your decision to...
-
List the four main types of economic systems and their main attributes.
-
Metallic iron is produced in the reaction between ferrous oxide and carbon monoxide: The flowchart shown below depicts this process for a basis of 1 mol FeO fed at 298 K. (a) We wish to explore the...
-
What's the difference of Credit Scoring vs Credit Report? Explain how credit reports are prepared consolidated in the Philippines.?
-
Discuss the topic of a changing competitive environment and how as a DBA practitioner, you can leverage your project's findings to inform leaders of how best to adapt to the changing marketplace.
-
Discuss your views on financial statements and their usefulness in managing a division or a business. Include in your discussion: What else would you like to see in the financial statements? What...
-
If you were planning an initial discussion about capital budgeting for newly appointed first-line supervisors, what topics would you include?
-
All organizations go through change. Why is change an important part of an organization, and why do you think the strategies used during the transition are also important?
-
Saturated steam condenses in a horizontal steam condenser at a pressure of 14 kPa. Each of the 180 parallel tubes in the condenser has an inside diameter of 12.6 mm and an average liquid water...
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Athens Gas Station has figured out the weekly demand distribution for their gas sales. Each gallon of gas sold at the pump results in a profit of 10 cents/gallon and any lost sales results in a cost...
-
1. The maximum pressure an eardrum can withstand without rupturing is Pmax = 3.0102 Pa. Assume a sound is made at that pressure. If the density of air is, p=1.20 kg/m, and the speed of sound is 340...
-
52. A wave is sent down a string with a linear mass density of 1.600 x 10-4 kg/m. The wavefunction that describes this wave is: y(x,t) = (0.021 m)*sin{(2.00 rad/m)*x + (30.0 rad/s)*t} What is the...
Study smarter with the SolutionInn App