Section 2.3 (pp 21-24) Flashcards

1
Q

work of original genius that accurately describes the laws of economics.

A

Wealth of Nations

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2
Q

the separation of work into individual tasks

A

division of labor

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3
Q

production of goods by people doing the jobs they did best

A

specialization

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4
Q

Wealth of Nations

A

work of original genius that accurately describes the laws of economics.

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5
Q

division of labor

A

the separation of work into individual tasks

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6
Q

specialization

A

production of goods by people doing the jobs they did best

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