Adam Smith, in his seminal work "The Wealth of Nations" (1776), extensively discussed the concept of the division of labour. He illustrated how the division of labour enhances productivity and efficiency using the famous example of a pin factory. In the pin factory example, Smith described how dividing the production process into distinct steps allowed workers to specialize in specific tasks, significantly increasing output. Instead of one worker making a whole pin, several workers would each perform a single step of the manufacturing process: 1. One worker draws out the wire. 2. Another straightens it. 3. A third cuts it. 4. A fourth points it. 5. A fifth grinds the top to receive the head. By dividing the work in this manner, Smith argued that the factory could produce far more pins than if each worker were responsible for making complete pins independently. This increase in productivity arose from several factors: 1. *Specialization* : Workers become highly skilled at their specific tasks. 2. *Time Savings* : Less time is wasted switching between different tasks. 3. *Innovation* : Workers focusing on a single task are more likely to innovate and find better ways to perform it. Smith's analysis demonstrated how the division of labour is a powerful driver of economic growth and efficiency. This principle laid the groundwork for modern economic theories and practices, influencing the organization of production and the development of industries.
Sir my semester is on Monday 🥺I was very nervous bcz i didn't understand the language of history of economic thought.. I searched on utube and suddenly found ur channel and seriously sir I'm very much happy now because I understood the most important topic of history of economic thought tq sir 💗
Adam Smith का कहना था कि अगर हम labour को उनके work efficiency के आधार पर बाट दे तो इससे production की quantity और quality दोनो बढ़ जाएगी। जिसे की उन्होंने division of labour कहा है। इस divison of labour के बहुत सारे advantages भी है। Division of labour से production की मात्रा बढ़ जाएगी और production cost कम हो जायेगी। Divison of labour करने से labour की work efficiency बढ़ जाएगी जिससे की product की quality और quantity दोनो बढ़ेगी। इसके कुछ disadvantages भी है: जैसे कि अगर labour को हम divide कर दे तो इससे imobility आ जायेगी मतलब वो बस production के किसी एक part को करने में ही सक्षम है , उससे कोई और काम नहीं हो सकता। इससे उसे complete product को बनाने की satisfaction नहीं मिलेगी।
yes ! it is enough. and agar aap un points ko bhi thoda elaborate karke likhte hai jinhe maine video m verbally bas explain Kiya hai , to aapke answer ki length kaafi achi ho jaegi .
@@Rathi558 am so sorry but I've uploaded the notes on my telegram channel . And youtube was not showing me replies on my videos so I couldn't see your reply . You will get the video by tomorrow. I hope it's not much late .
@@mrintrodent ok sir..... But jda late to nhi hui....... Bss thoda late h........ I hope sir.... Ke aap kl tkk to pkka kr he da ga upload vdio.........
Adam Smith, in his seminal work "The Wealth of Nations" (1776), extensively discussed the concept of the division of labour. He illustrated how the division of labour enhances productivity and efficiency using the famous example of a pin factory.
In the pin factory example, Smith described how dividing the production process into distinct steps allowed workers to specialize in specific tasks, significantly increasing output. Instead of one worker making a whole pin, several workers would each perform a single step of the manufacturing process:
1. One worker draws out the wire.
2. Another straightens it.
3. A third cuts it.
4. A fourth points it.
5. A fifth grinds the top to receive the head.
By dividing the work in this manner, Smith argued that the factory could produce far more pins than if each worker were responsible for making complete pins independently. This increase in productivity arose from several factors:
1. *Specialization* : Workers become highly skilled at their specific tasks.
2. *Time Savings* : Less time is wasted switching between different tasks.
3. *Innovation* : Workers focusing on a single task are more likely to innovate and find better ways to perform it.
Smith's analysis demonstrated how the division of labour is a powerful driver of economic growth and efficiency. This principle laid the groundwork for modern economic theories and practices, influencing the organization of production and the development of industries.
Thank you too broh ❤
Sir my semester is on Monday 🥺I was very nervous bcz i didn't understand the language of history of economic thought.. I searched on utube and suddenly found ur channel and seriously sir I'm very much happy now because I understood the most important topic of history of economic thought tq sir 💗
All the best for your exams ✌️💯📚
@@mrintrodent tq sir❤️
😂👍🏻
Will u please send me the question paper of economic thought...
Exactly Mr exams are also tomorrow
Thank you sir so much aapne bhot hi simple way se bhot achhe tarike se smjhaya 🙏🥹
thankyou so much
Your way of explanation is too good 👍👍, thank you
Thankyou for such a nice comment.📚
Adam Smith का कहना था कि अगर हम labour को उनके work efficiency के आधार पर बाट दे तो इससे production की quantity और quality दोनो बढ़ जाएगी। जिसे की उन्होंने division of labour कहा है।
इस divison of labour के बहुत सारे advantages भी है।
Division of labour से production की मात्रा बढ़ जाएगी और production cost कम हो जायेगी।
Divison of labour करने से labour की work efficiency बढ़ जाएगी जिससे की product की quality और quantity दोनो बढ़ेगी।
इसके कुछ disadvantages भी है:
जैसे कि अगर labour को हम divide कर दे तो इससे imobility आ जायेगी मतलब वो बस production के किसी एक part को करने में ही सक्षम है , उससे कोई और काम नहीं हो सकता।
इससे उसे complete product को बनाने की satisfaction नहीं मिलेगी।
It's just awsm....GOD bless you 🙌🏻
thankyou so much Srishti 😇📚
Sir aap Indian writers k upper bhi videos banaiye
yes very soon I will cover all the Indian economic thinkers ✨
Thanks a lot ..Sir, I was searching for proper notes in easy language ....I found this...😊😊
Great 👍
History of economic thought k mcqs
ka v video daliye please
ok I'll try to add mcqs also
Nice effort.....
Thankyou so much 😇
Tnx a lot sir😍
😇😇😇📚💯
Itna sufficient hoga sir ans mn likhna jitna ppt mn hn??
yes ! it is enough. and agar aap un points ko bhi thoda elaborate karke likhte hai jinhe maine video m verbally bas explain Kiya hai , to aapke answer ki length kaafi achi ho jaegi .
But apne toh unproductive labour ka bare mei batya hi nhi
unproductive labour koi alg topic nhi h , isi ka bhut chota sa part h and smith ne labour theory m productive labour ki hi baat Kari h mostly
Ricardo ke theory of distribution pr b
Sir plz.....
Sir Adam Smith ke theory of growth pr b vdio bna do
Ok I will upload these videos in this week . Stay connected 📚💯
@@mrintrodent thnku sir
@@mrintrodent sir aapn abi tkk vdio upload nhi ke......... Adam Smith ke theory of growth ke...... Sir plz..... Krdo upload......
@@Rathi558 am so sorry but I've uploaded the notes on my telegram channel . And youtube was not showing me replies on my videos so I couldn't see your reply . You will get the video by tomorrow. I hope it's not much late .
@@mrintrodent ok sir..... But jda late to nhi hui....... Bss thoda late h........ I hope sir.... Ke aap kl tkk to pkka kr he da ga upload vdio.........
Sir is k notes nhi hn telegram grp me
I've shared the ppt in the telegram group. you can note it down from there.
@@mrintrodent thnx so much sir 🙏
Vbu UG sem5 economic honours core 11,12 ka question hai
DSE paper ka industrial wala question
Reply fast bro
question kya h aapka ?
Gadde wala topic 😅
Be like: pyaari samaj gayi😂
😜😜🤪
Intro was awesome🤟
Nd nice explaining 👍
@@nurikete9289 thankyou bro
Intro😅
Intro acha nhi lga kya 🥲😅😅
@@mrintrodent acha hai but funny haiiii ( music
@@bomjipagmen2033 haa thoda zada rock type music h ✌️😅