Assembly-line production method - Deepstash

Assembly-line production method

Adam Smiths' ideas in "The wealth of nations" were a motivating factor in the evolution from land-based wealth to wealth created by assembly-line production methods that included labour division.

Smith argued that the division of labour and the associated specialisation creates prosperity.

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Gross Domestic Product (GDP)

The ideas in "The wealth of nations"(Adam Smith) provided the seed for the concept of GDP and altered the importing and exporting business.

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