DIVISION OF LABOUR AND SPECIALIZATION
CONTENT
- The Origin of Modern Division of Labour
- Definition of Division of Labour
- Specialization
- 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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