The Wealth of Nations
Division of Labor
What three fasctors determine the amount of work that can be done when labor is divided
What three fasctors determine the amount of work that can be done when labor is divided
From the text:
(1) By reducing every man’s business to one simple operation, and making that the sole employment of his life, the division of labour greatly increases the workman’s dexterity...
(2) The advantage gained from saving the time commonly lost in passing from one sort of work to another is much greater than we might at first think. . . .
(3) Everyone must know how greatly labour is eased and shortened by the application of proper machinery.
Wealth of Nations