Analysis of "The wealth of the nations" by Adam Smith
The book of "The wealth of the nations" published in the year of 1776, it is stated that the division of labor and the expansion of trade generate greater wealth, social welfare and greater production, Adam Smith exposes how this division of labor strengthens theProductivity sector making the work that each person performs in what suits their skills more efficient.
To understand more in depth on the subject, authors such as Landreth and Colander, Maurice Dobb and Adam Smith himself will be summoned.
The first topic that will be depicted is about the division of labor that it refers, that to improve the production of some good or object, the man who is funging in that part of the productivity sector must be put by sections in which he best suitsAccording to the skills you possess, these must be used to the fullest to accelerate the rhythm of production, this dynamism in productive activity will bring good results such as the fact that there will no longer be that kind of disorder that affects more than anything inthe amount of products that are introduced into the market for exchange, export, and others.
Adam Smith (1776) says "The greatest progress of the productive capacity of work (…) skill, skill and judgment with which it has been directed or applied, seem to have been the effects of the division of labor".
We can then assume based on his words that the division of labor brings prosperity, that development to the productivity of a nation, because based on the importance of the work that the productive sector implies and that is carried out by the human being, it will become a toolFor the development of industry and mass production. The nation will be nourished by great development and economic growth.
However, it should be said that this labor division is conditioned by the extension of the market since if the market is small, this division would be developed in its total capacity since the work can be done by a small group and it is not in a large Proportion of people as in industries (company), for example, a person starts a business, say a dog nursery, initially when the business is at its initial point the work will be in charge of the person who founded the business , there is no labor division here, because the business is not well known with just its direction, because the demand for your business will not be in such a high degree, but as the business is obtaining "popularity" it will be needed Of more personnel since to maintain the business in function, more services must be offered to part of caring for dogs, now the bath, hairstyle will be offered, special foods, accessories, accessories will be sold, accessories, accessories, Walk to dogs, the business is growing and the staff must perform in the position that best collection of their skills, here would be that division that Smith speaks, which generated wealth to the business and its subsequent growth, the business will evolve I have anger "duplicating" in the market, more personnel will be hired and thus division of labor will be in a broader range.
But there is a disadvantage in this process of division of labor in the book of Landreth and Colander is said “(…) Smith recognized the economic benefits of specialization and labor division, I also observe that they had serious social costs. One of the inconveniences (…) is that workers must perform repetitive tasks that soon become monotonous ”. The man will clearly work in an environment in which he will only develop in one thing and develop only that ability in which it is good, it seems to me that monotony will affect production because the worker will not pay attention to his task since he does notIt seems attractive, it will not be comfortable by doing its work, which will somehow paralyze production.
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