Division of Labor Definition:
The breakdown of jobs into narrow and repetitive tasks is called division of labor. In 1776, Adam Smith published his book The Wealth of Nation, in which he argued for the economic advantages and organizations that society would gain from the division of labor. Adam Smith used the pin industry example, he claimed that 10 individuals, each doing a specialized task could together produce about 48,000 pins per day. However, if each person worked alone performing each task separately, it would quite an accomplishment to produce only 10 pins a day.
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