According to Adam Smith,the most significant single cause of economic progress has been:
A)the increase in the fertility of land used in agriculture
B)the use of more specialized forms of machinery in manufacturing
C)a more educated workforce
D)the division of labour
E)the rise of large companies that dominate particular industries

Question

Quizplus · Accepted Answer

Adam Smith believed that the division of labour was the most significant single cause of economic progress. He argued that it led to increased productivity, specialization, and innovation, which in turn led to economic growth and higher standards of living. Smith's ideas about the division of labour are still influential in modern economics and management theory.

According to Adam Smith,the Most Significant Single Cause of Economic