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Adam Smith Believed That Division of Labor Would Make Businesses

question 67

True/False

Adam Smith believed that division of labor would make businesses more competitive, but that excessive division of labor could hurt both business and worker.


Definitions:

Diet

The sum of food consumed by a person or other organism, which can greatly affect health and well-being.

Cultural Influences

The impact that a society's shared values, beliefs, behaviors, and artifacts have on individuals within the group, shaping their perceptions and behaviors.

Psychological Processes

Internal operations that influence thoughts, emotions, and behaviors in individuals.

Contemporary Psychologists

Psychologists who are currently contributing to the field through research, practice, or teaching.

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