HW-1660 Adam Smith Questions

Question-1. The reason for the output-enhancing effect of the division of labour can be inferred from Adam Smith’s illustration of a pin-making factory.

a. Explain in your own words why the division of labour can lead to increased output in a production process, such as pin-making.

b. Do you think the use of more specialized machinery in pin-making would also lead to increased output? Why or why not?