Answer:
What are some examples of the effects of the Great Depression?
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1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%. 34 It took 25 years for the stock market to recover.
Explanation:
Answer:
The correct answer is It allows workers to specialize in a variety of skills
Explanation:
Job specialization (also known as division of labor) first proposed by the scottish economist Adam Smith, exposed in his main work "The Wealth of Nations" in 1776, refers to the process of breaking large jobs into smaller jobs assigned to individual workers. The purpose of job specialization is to focus each worker's concentration on a specific area of expertise within the production process. The argument states that, through the specialization and refinement of skills, productivity will increase.
Answer:
Primary sector, and secondary sector
Explanation:
Primary sector:
The primary sector of the economy extracts or harvests products from the earth such as raw materials and basic foods.
Secondary sector:
The secondary sector of the economy produces finished goods from the raw materials extracted by the primary economy.
