Question

According to Smith, what has resulted from division of labor

Answer 1

Answer:

Specialized knowledge

Saves time

Technological Innovation

Explanation:

Smith came up with certain explanations for the improvement in production by the division of labor. First, the division of labor produces expert knowledge about a specific task. Second, it saves labor time for the laborer. By concentrating on one task, rather than moving from one task to another, the professional is able to improve his time and thus increase production. Finally, the amount of time workers spend on a specific task contributes to creativity in the techniques and methods used in the activity, and thus to technical advancement that eventually promotes the task.