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Archy [21]
3 years ago
13

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
Business
1 answer:
Katarina [22]3 years ago
5 0
The strategy of modern manufacturing which Adam Smith was referring to is SPECIALIZATION.
Division of labour involves the division of a production process into many stages, each of which is handled by different employees. Division of labour leads to specialization; this is because one develop expertise in any skill that one engage in continuously. 
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