Prompt: What was Adam Smith's contribution to the discussion on the 'Wealth of Nations'? 

Response: Adam Smith says that if more people are assigned to a specific job, higher results will be produced. By assigning one person to each section of the process is more effective than having one person do it all alone. The time is used more efficiently by using an assembly line. In any procedure of manufacturing there is different contributions made by different people. Smith says that a job in a less developed society would be completed by one man whereas in a more developed society would be completed by multiple men working together. A lot of time is saved when one person does one job and another does a different job, each man becomes a specialist in his one job and therefore is able to go faster, he will learn more efficient ways to complete that job because his whole attention is focused on that singular thing. Instead of having to rotate around to complete one job having someone else do the second job is

This is how things started to happen as America became industrialized and factories began to operate. Mass manufacturing became possible so more people could have the same item of clothing or shoes, etc. People are able to trade more for what they desire. Exchange becomes based on self interest and whether what you have to offer seems like a good trade to the person you would like to trade with.

Division of Labors creates more jobs that need to be filled, whether it be to manufacture the goods, pack the goods, or transport the goods there is more work available. All the people would not be able to enjoy almost all the things within their houses or the clothes on their back without the idea of division of labors because it would take so much longer for the same amount of goods to be manufactured. The accommodations of the people would not be met.  

Tags: Manufacturing Wealth Of Nations Division Of Power Jobs Available

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