According to Adam Smith in The Wealth of Nations, what is the organizational innovation of the pin factory and what is its significance for society?

Expert Answers

An illustration of the letter 'A' in a speech bubbles

The organization innovation of the “pin” (we call them nails now) factory that Adam Smith discussed in The Wealth of Nations was the division of labor.  Smith argued that the division of labor allowed countries that had division of labor to become richer than those that did not.

Smith believed that the major innovation of the pin factory was division of labor.  Division of labor occurs when each person does a specific, small...

(The entire section contains 230 words.)

Unlock This Answer Now

Start your 48-hour free trial to unlock this answer and thousands more. Enjoy eNotes ad-free and cancel anytime.

Start your 48-Hour Free Trial
Approved by eNotes Editorial Team