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dividing a task into its component operations. Although writers as early as XENOPHON had mentioned the principle, SMITH, with his famous example of pin making, made it a central explanation of the growth process, He noted that such specialization would save time as there would not have to be frequent changes from one activity to another, that workers would become more dextrous and that the analysis of jobs would make possible the introduction of machinery. However, he was aware that workers would become dull through repetitive tasks - a Smithian point often misinterpreted by Marxists: division of labour in itself can produce ALIENATION amongst workers, whether or not they own the capital they use.
liability management (GO)<br />Using interest rate changes to attract deposits.
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ploying in total about 400,000 workers. A centre with fewer than twenty staff is called a 'pocket centre'.
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