Specialization (functional)

Specialization (or specialisation) is the separation of tasks within a system. ^[1]

4 relations: Adam Smith, Capitalism, Division of labour, The Wealth of Nations.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Division of labour

The division of labour is the separation of tasks in any system so that participants may specialize.

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The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.

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Redirects here:

Functional specialization, Specialisation (functional), Specialization of work, Specialization(functional).

References

[1] https://en.wikipedia.org/wiki/Specialization_(functional)

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