In the first chapter of The Wealth of Nations, what type of factory did Adam Smith use as an example of division of labor?

Question

asked Oct 13, 2024 181k views

1 Answer

← Prev Question Next Question →

Ask a Question

Yosi Dahari · Answer 1 · 2024-10-18T12:37:38+0000

Answer: Pin factory

Step-by-step explanation:

He gave the example of a pin factory based on his real-life observations. One worker who did all the operations necessary to make a single pin, he said, could produce no more than 20 in one day. Ten workers could make 200 pins this way.

In the first chapter of The Wealth of Nations, what type of factory did Adam Smith use as an example of division of labor?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions