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2) Describe, according to Adam Smith, the benefits of the division of labor (see chapter 1)....

2) Describe, according to Adam Smith, the benefits of the division of labor (see chapter 1). How does the division of labor make the English laborer more well off than the African king?

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Answer #1

Adam Smith was supporter of free market system and believed that free market system increases output and efficiency. Further, he stressed on importance of division of labor. According to division of labor, each worker performs only specific task in process of production. Whole production process is divided into multiple tasks.

When worker perform only specific task, productivity rises automatically.

English government easily adopted such system and increased its productivity significantly. Rise in productivity further give rise to income and output of workers, thus English labor became more well off than African king. African king did not go for division of labor.

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