Showing posts with label labor. Show all posts
Showing posts with label labor. Show all posts

Wednesday, February 26, 2014

Smith - Wealth of Nations Presentation

Things to consider tomorrow:

What are the factors of production?

What does a division of labor do for a society?

How does a division of labor help and hurt society?

Why was money created?

Was the creation of money good for society? If no, how can it be improved?

How does labor relate to stock (capital)?

How does one's amount of stock held relate to his profit from it?

What is the relationship between the two types of capital?