In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith described a visit he made to a
A)car factory.
B)pin factory.
C)washing machine factory.
D)farm.

Question

Quizplus · Accepted Answer

In his book, Adam Smith describes his visit to a pin factory where he observes the division of labor and how it leads to increased productivity and efficiency. This description of the pin factory became a famous example used to support Smith’s ideas about the benefits of free markets and specialization.

In His Book, an Inquiry into the Nature and Causes