Economics · Economic Thought
According to Adam Smith, the division of labor and specialization is primarily limited by which of the following factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The standard layout of factories
- 2The physical abundance of labor
- 3The extent (size) of the market✓
- 4Availability of nominal capital
Correct answer
The extent (size) of the market
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