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The Division of Labour

Why is it that Henry Ford’s assembly line was able to be produce more cars in a day than any other car manufacturer at the time. The answer is to be found in the concept of division of labour and it is this that necessitates the existence of the subject of economics. However, division of labour does not function automatically and its functioning critically depends on the laws and institutions countries adopt. At our seminar next Tuesday we will examine this concept from an historical perspective and look at what barriers to division of labour exist, and continue to exist.

Don’t miss this opportunity to examine an idea which is at the foundation of the subject of economics. This free seminar is brought to you by the Auckland Economics Group.

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