The famous economist who developed the idea of the division of labour was
A)Adam Smith.
B)David Ricardo.
C)Milton Friedman.
D)Karl Marx.
E)John Maynard Keynes.

Question

Quizplus · Accepted Answer

Adam Smith, a Scottish economist, was the one who introduced the concept of division of labor in his book "The Wealth of Nations" in 1776. He argued that the division of labor increases productivity and efficiency in a society, as it enables workers to specialize in one task, leading to the development of new machinery and novel work methods.

The Famous Economist Who Developed the Idea of the Division