An Economic Way of Thinking About Business

Prior to beginning work on this assignment, read Leonard E. Reads article, , and respond to the following components:

  1. Explain the authors intention in describing the production of a pencil in his article. Is it even possible for people to learn enough to produce pencils totally from scratch?
  2. Analyze the benefits of people specializing their efforts.
  3. Evaluate decision making issues in the production process of a pencil and other items.

The An Economic Way of Thinking About Business paper

  • Must be three to five double-spaced pages in length (not including title and references pages) and formatted according to as outlined in the .
  • Must include a separate title page with the following:
    • Title of paper
    • Students name
    • Course name and number
    • Instructors name
    • Date submitted
  • Must use at least 3 scholarly sources in addition to the course text.
    • The table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
  • Must document all sources in APA style as outlined in the Ashford Writing Center.
  • Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.

Carefully review the for the criteria that will be used to evaluate your assignment.

PLAGARISM CHECK REQUIRED