Economics A Level: What is the Division of Labour?
-What did Adam Smith say about it - use the Example with Pins

Question

What is the Division of Labour?
-What did Adam Smith say about it - use the Example with Pins

go kys · Accepted Answer

-This is where Production splits into Multiple Tasks, and Different People are selected to Each Task. 
-Adam Smith said Productivity would increase Massively. 1 Untrained worker wouldn't make 20 Pins a Day, but 10, with Division of Labour and Specialisation, would make 48,000

Economics A Level

What is the Division of Labour? -What did Adam Smith say about it - use the Example with Pins

-This is where Production splits into Multiple Tasks, and Different People are selected to Each Task. -Adam Smith said Productivity would increase Massively. 1 Untrained worker wouldn't make 20 Pins a Day, but 10, with Division of Labour and Specialisation, would make 48,000

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