[SOCB42H3] - Midterm Exam Guide - Comprehensive Notes for the exam (39 pages long!)
Document Summary
Be sure to keep dexterity (manual, not mental), time savings, and innovation separate. Stick to dexterity -> a body training, stick to manufacturing (twisting chocolate wrapper etc) Time-saving -> people with 1-3 tasks which saves time (instead of different people doing distinct tasks, 1-3 repeat certain tasks) Innovation -> not about getting off the job early but to make your job easier. Innovation might lead to time savings, but what innovation does due to people who want their work day to be easier, or due to the efforts of scientists and philosophers who typically improve machinery is increase productivity. Capital stuff you can use to create a product. Productive labor: work that is performed and adds value to a product. Value to a product, allows you to trade something for more than you could have w/o added value (prof"s sand paper bangle -> she pays.
