Asked by Trenton Henderson on Jun 27, 2024
Verified
18th-century economist Adam Smith illustrated improvements in efficiency in manufacturing units through the application of:
A) standardization.
B) specialization.
C) crowdsourcing.
D) decentralization.
E) downsizing.
18th-century Economist
A scholar or expert in economics who lived and worked during the 1700s, contributing to the development of economic theories or principles.
- Comprehend Adam Smith's contributions to efficiency through specialization.
Verified Answer
AP
azmazazabilla paizonJun 28, 2024
Final Answer :
B
Explanation :
Adam Smith illustrated improvements in efficiency through the application of specialization, notably in his example of a pin factory where the division of labor allowed for increased productivity.
Learning Objectives
- Comprehend Adam Smith's contributions to efficiency through specialization.
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