-
Home
- Business
- Economy
- Capitalism Market Economy
- Lesson 08: The Division of Labor
- If the world were filled with
-
Card 29 / 100: If the world were filled with identical people, would specialization still be useful?
Answer:
Yes, because (among other reasons) people would still have access to different climates and raw materials, and also because initially identical people will develop different skills over time if they specialize in different occupations.
-
Keyboard Shortcuts
| Previous Card |
← Previous Card Button |
| Next Card |
→ Next Card Button |
| Flip Card |
Space-Bar |
<< First
< Previous
Flip
Next >
Last >>
Interactive Question
Test Home Page
|
Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
|
Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
