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Dan Silver

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1What does Smith mean by the Division of Labour How is it related to increased productivity Provide 2 causes of the DOL and the 3 consequences of it2What forms a commercial societyname and describe the 2 componentsProvide an example of each component In regards to the second component Smith discusses the concept of equilibrium explain and provide examples of the principles which assist this process ie Liberty of Motion and the principles that prevent it from occur3Define the following terms wages profit and rentHow do they relate What is their relationship to different class groups Explain Provide
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