In Book I, Chapter 1, Smith highlights the advantages of division of labor in increasing the productivity of labor and overall economic condition of a nation. The division of labor allows each worker to specialize in a smaller task of producing certain goods and services. The effects of the division are most widely felt in very ¡°trifling¡± manufactures (i.e. pin-maker) and are least visible in industries that do not allow easy separations of labor such as agriculture. Consequently, the agriculture sector of the poor countries can compete with the rich on some level, but unable to do so in manufacturing sectors in terms of quality and price. Smith also argues that this practice greatly increases the productivity level due to 1) the increase of dexterity in every particular workman, 2) saving of time which is commonly lost from passing one work to another, and 3) invention of machines (technology) which greatly enhances the quality of labor. The division of labor can be looked as a process and organizational innovation that increases the prosperity of a nation which extends d......

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