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In the industrial revolution, factories divided the process of building a product into different steps. Instead of building complete products, workers completed just one of these steps as their contribution to the team building a large number of products. Adam Smith (1776) championed this division of labor as dramatically increasing both the quantity and quality of production.

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Summary and Conclusions

  • 章节

  • 发表日期：

    2026年

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  • Robert F. Bordley

摘要

In the industrial revolution, factories divided the process of building a product into different steps. Instead of building complete products, workers completed just one of these steps as their contribution to the team building a large number of products. Adam Smith (1776) championed this division of labor as dramatically increasing both the quantity and quality of production.