Economy of Learning and Motion Essays, Economics - Custom Term Papers Samples and Custom Essays Collection


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Economics

▪	Economy of Learning and Motion


	Economy of Learning and Motion

	The division of labor increases the efficiency of the processes of learning and motion that are entailed in production. First, under the division of labor, the individual who learns an occupation is able to apply his learning repeatedly, because he devotes his full working time to that occupation. The effect of this repetition is that he becomes extremely proficient in the use of his knowledge. In effect, he subconsciously automatizes the knowledge-he learns it so well that he no longer has to think things out step by step, as one does before one has the necessary experience or after one has been away from a field for a long time. A worker who is constantly practiced in his work can obviously accomplish a great deal more in the same time than one who is not. Outside the division of labor, on the other hand, even in cases in which people might be able to acquire sufficient knowledge to accomplish something, they would most likely not have sufficient occasion to use that knowledge to become proficient in its use.

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▪	Adam Smith

▪	Division of Labor

▪	Economic Growth

▪	Economics and Natural Resources

▪	Foundations of Economics

▪	Freedom of Competition

▪	Geographic Specialization of Economic Activities

▪	Governmental Monopoly

▪	Japanese Economics

▪	Keynesian Economics

▪	Marxist Economics

▪	Money, Gold and Inflation

▪	Monopolism

▪	Political Economy and State Security

▪	Procapitalist Economics

▪	The Role of Wealth

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