Over two hundred years ago, Adam Smith introduced some ideas which brought about a world revolution. If we enjoy a high standard of living in modern society, we owe much to this Scottish economist and philosopher. If we enjoy driving in beautiful cars, wearing fashionable shoes, or flying away to distant places for exciting holidays, we should perhaps pay thanks to the man who made it all possible.
What was Adam Smith’s contribution Like so many ideas which have surprising effects, his was a simple one. He watched workers practising their craft of pin making. One man would heat the strip of metal, stretch it out, cut off an appropriate length, shape it, cool it and finally smooth and shine it. Smith drew attention to the advantages which could be gained if these various tasks were performed by different workers. Let one be responsible for preparing the metal. Another for stretching and cutting. Another for shaping. Another for finishing. He described the technique a
A. The Division of Labour makes work more interesting.
B. Specialisation could solve the problem of unemployment.
C. Adam Smith put forward the idea of the Division of Labour.
D. Adam Smith insisted that each worker be better paid.
Over two hundred years ago, Adam Smith introduced some ideas which brought about a world revolution. If we enjoy a high standard of living in modern society, we owe much to this Scottish economist and philosopher. If we enjoy driving in beautiful cars, wearing fashionable shoes, or flying away to distant places for exciting holidays, we should perhaps pay thanks to the man who made it all possible.
What was Adam Smith’s contribution Like so many ideas which have surprising effects, his was a simple one. He watched workers practising their craft of pin making. One man would heat the strip of metal, stretch it out, cut off an appropriate length, shape it, cool it and finally smooth and shine it. Smith drew attention to the advantages which could be gained if these various tasks were performed by different workers. Let one be responsible for preparing the metal. Another for stretching and cutting. Another for shaping. Another for finishing. He described the technique a
A. his ideas made it possible for people to improve their lives
B. he invented a more efficient way of pin making
C. he started the industrial revolution
D. he brought to people a high standard of living
Text 2
Over two hundred years ago, Adam Smith introduced some ideas which brought about a world revolution. If we enjoy a high standard of living in modern society, we owe much to this Scottish economist and philosopher. If we enjoy driving in beautiful cars, wearing fashionable shoes, or flying away to distant places for exciting holidays, we should perhaps pay thanks to the man who made it all possible.
What was Adam Smith’s contribution Like so many ideas which have surprising effects, his was a simple one. He watched workers practising their craft of pin making. One man would heat the strip of metal, stretch it out, cut off an appropriate length, shape it, cool it and finally smooth and shine it. Smith drew attention to the advantages which could be gained if these various tasks were performed by different workers. Let one be responsible for preparing the metal. Another for stretching and cutting. Another for shaping. Another for fini
A. his ideas made it possible for people to improve their lives
B. he invented a more efficient way of pin making
C. he started the industrial revolution
D. he brought to people a high standard of living
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