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Nature, accumulation and employment

Adam Smith regarded the partition of labor like crucial for initiating a process of economic development, and capital accumulation like a key element which then drives additional development. In words of Smith, key elements that find out how capital accumulation influences development are its: (w) nature, accumulation and employment (x) ownership, distribution and utilization (y) amount, efficiency and technology (z) financial value, obsolescence and also depreciation rate.

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