Smith notes in his "Wealth of Nations" that the division of labor betters society. Things can be produced more quickly by a greater number of laborers specializing in a single skill than by a single worker attempting various tasks. ... He states that one capitalist may employ a few men who are all skilled at a certain craft (he notes the craft of making paper, twain, or needles, it doesn't matter which craft), that may each still be doing their usual work and producing single products each. ... To even further this idea of separation, Marx notes the production of a watch, which is a co...

• Word Count: 1081
• Approx Pages: 4
• Grade Level: High School

This is something the United States would do well to take note of, when setting their foreign policy. ... The United States, and other countries whom have embraced it, must quickly make changes in order to prevent a complete collapse. ... If these things occur, then governments will quickly see that there is more than enough capital to go around, and that no one needs to be left out....

• Word Count: 1172
• Approx Pages: 5
• Grade Level: Undergraduate