Economics case assignment module 01 Essay Example | Topics and Well Written Essays - 500 words

Economics case assignment module 01 - Essay ExampleIn the contrary, trifling manufactures which provides humiliated amount of needs of a excellent numerate of people also employ small number of workmen. Division of labour is much observed since all of them are working in one workhouse. To frivol away an example, B dressmaking that was operated by Mr. Joe employed 3 dressmakers. His business location was in the heart of a small town. Long before, his 3 dressmakers were used to finish a maximum of 5 or a minimum of 3 dresses a day. However, there produce was insufficient enough, so he came up to the idea of dividing the solid work into branches kinda of hiring additional dressmakers. His dressmakers were task to do a particular part of the dress instead of sewing it alone. The work was divided to around 6 so each of the workers was assigned to do 2. The number 1 one shaped and cut the cloth the second one made the collar, the third sewed the sub course and so on until all the parts were sewed together and the dress was made. After couple of weeks, the digression was quiet obvious, from the minimum of 9 dresses to around 30 dresses daily. And the work showed much excellent Hence the division of labour increases the productivity of the workmen because employing a simpler and particular task enhances their skill. Repeating one or two tasks is non as difficult as doing the whole work. Perhaps, a particular dressmaker who was used to sew dresses whitethorn not feel difficulty in doing his job but became lazy in using polar machines in completing a dress. The several stages undergone may become complicated for him he may present less concentration on them whereas, if he only focused shaping and cutting the cloth, its repetitions would result to a greater part of his dexterity.Secondly, Smiths idea about invisible hand is linked to his conception of self-interest. Every individual struggles to get what he wants. He works hard to fulfill his dreams.