20 lines
529 B
Markdown
20 lines
529 B
Markdown
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# Productive Powers of Labour
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## Definition
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The capacity of labour to generate output, which Smith argues is substantially enhanced through the division of labour, resulting in greater skill, dexterity, and judgment in the application of labour.
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## Source Chapter
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Book I, Chapter 1
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## Context
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Smith identifies the division of labour as the primary source of improvements in productive powers of labour, using the pin factory example to demonstrate how specialisation multiplies output.
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## Economic Domain
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Production
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---
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