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DIVISION OF LABOUR AND SPECIALIZATION

CONTENT

  1. The Origin of Modern Division of Labour
  2. Definition of Division of Labour
  3. Specialization
  4. Limitations or Factors that Encourage or Discourage Division of Labour

 

The Origin of Modern Division of Labour

It was one of the forefathers of Economics – Adam Smith who enunciated the theory of division of labour in 1776 in his book titled “THE WEALTH OF NATIONS”. Adams Smith visited a place where pins were made and found that pin-making involved eighteen different processes at that time. He also found that one man was coordinating all the processes of pin-making all alone. As a result of this rigorous and slow process involved in the processes of making pins, that man was producing 20 pins a day. Adam Smith came to a conclusion that if these eighteen pin-making processes were handled by different individuals instead of one man, more pins will be produced. This idea of division of labour thought out by Smith was then applied; as a result, 48,000 pins were produced per day.

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Lesson tags: Economics Lesson Notes, Economics Objective Questions, SS1 Economics, SS1 Economics Evaluation Questions, SS1 Economics Evaluation Questions First Term, SS1 Economics First Term, SS1 Economics Objective Questions, SS1 Economics Objective Questions First Term
Back to: ECONOMICS – SS1 > First Term
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