181k views
1 vote
In the first chapter of The Wealth of Nations, what type of factory did Adam Smith use as an example of division of labor?

User Sebtheiler
by
8.1k points

1 Answer

4 votes

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.

User Yosi Dahari
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.