Pin FactoryDraw wire from metalCut wire to required sizeSharpen at one endGrind at other endMake head of pinPaint the pin

Pin FactoryOne man can make around 20 pins in a day if he does all the activities aloneIn a factory where 10 men are working and distinct operations are performed by distinct men10 men working can produce 12 pounds of pins (apprx 48000)

Division of Labour (Job Specialization)Workers increase their dexterity Concentration on fewer processesSpecilization in labour saves time in changing jobs/processes. Workers tend to be slothful and lazy when swithching taskDivision of labour increases invention and mechanization.Facilitate and quicken their own particular part of the workIncrease in Quantity of WorkOCCASION TO DIVISION OF LABOURPropensity of human nature to barter, exchangeWithout this every human has do the same things (Providing for necessacties and convenience of life)Ability to exchange surplus part of his own produceThis power of exchange gives rise to division of labourDivision of labour is limited by the extent of marketReason for market growthEase of transportationTransportation on water easier than landAccess to coast lineNavigation was done by visual guidanceNaviagble inland water bodiesEx Nile river, Ganges riverGDP Density

Study by John Gallop in 2012 shows that most of the population with higher per capita GDP is close the geographical areas with water transportWollen Coat ExampleShepardWool SorterWool comberSpinnerWeaverDyerTailorDyes come from the remotest part of the world which in iteslf is associate with skills of trade, merchants, seamen, sailors, roadmakers, navigators, shipbuilidng, navigation

Wealth of NationsOnly when produce can be consumed only then division of labour is required

The bigger the marketThe more we specalizeThe more we produceMore produce leads to more wealth, hence

Division of labour leads to wealth of nations