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Essay heading: Adam Smith
 
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Date added: January 1, 2000
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No of pages / words: 3 / 804
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The idea that large reserves of gold bullion or other precious metals are crucial for a country’s economic success. Adam Smith believed that property holdings were crucial for a country’s economy, as was clearing tramps off the streets, so that it is a welcoming place to be. Smith also believed in specialisation-the details of co-operative labour in specific circumscribed tasks and roles, intended to increase the productivity of labour...
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There are advantages and disadvantages to this idea, such as that workers can focus on tasks that they are good at, and no time is spent switching between tasks, however it might be unrewarding, and you might not feel you have significantly contributed to the finished product. The book is generated by fixed assets - but does not include those fixed assets...
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