1. Division of Labor
... some restrictions to free trade, such as the Navigation Acts, as sometimes necessary national economic weapons in the existing state of the world. Smith identified self-interest as the basic economic force and, through his analysis of the division of labor and his comprehensive study of the development of economic institutions in the West, established economics as a major area of study. The Division of ... ...
- Word Count: 451
- Approx Pages: 2
- Grade Level: Graduate