division of labor (book)

"Division of Labor" by Adam Smith explains how dividing work into specialized tasks boosts productivity and efficiency. When each worker focuses on a specific task rather than doing everything, they become more skilled and faster at their part. This specialization allows goods to be produced more quickly and at lower costs, benefiting society through increased wealth and innovation. Smith highlights how this process underpins modern economies, emphasizing the importance of cooperation and organized effort in creating economic progress.