Why, According to Adam Smith, Was Labor So Important for a Commercial

question 21

Multiple Choice

Why, according to Adam Smith, was labor so important for a commercial society?

• A)It replaced agriculture as the source of a nation's wealth.
• B)It sustained American society throughout the Great Depression.
• C)It was a catalyst of change during the Industrial Revolution, which led to the creation of the commercial society.
• D)It created a balance between consumption of goods and output of goods, creating a much-needed equilibrium in the capitalist society.

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Definitions:

Unfreezing

The initial phase in the change process where existing patterns or behaviors are challenged to facilitate transition.

Organizational Politics

Activities within an organization aimed at improving individual or group positions and interests, often at the expense of others.

Parallel Learning Structures

Are systems set up within organizations that run alongside formal operational processes to facilitate innovation and learning.

On the Job

Refers to being present and engaged in work activities at the workplace or during work hours.