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zsmart909
zsmart909
23.03.2021 • 
History

HELP ME ON ECON HW! What strategy of modern manufacturing is Adam Smith referring to in this statement?
"To take an example, therefore, from a very trifling manufacture ... the trade of the pin-maker...One man draws out the wire, another straights
it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head to make the head requires two or three distinct operations, to
put it on is a peculiar business, to whiten the pins is another, the important business of making a pin is, in this manner, divided into about
eighteen distinct operations."
Adam Smith, The Wealth of Nations

Select one:
a industrialization
b. specialization
c. innovation
d. automation

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