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Among each of these production systems, there may be:
a corresponding division of labour with each worker having a distinct occupation or doing a specialized task as part of the production effort,
correspondingly different types of capital equipment and differentiated land uses.[48][49][50]
Adam Smith's Wealth of Nations (1776) notably discusses the benefits of the division of labour. How individuals can best apply their own labour or any other resource is a central subject in the first book of the series. Smith claimed that an individual would invest a resource, for example, land or labour, so as to earn the highest possible return on it...
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