Classical economics theory - Nuggets of knowledge

The Wealth of Nations - Adam Smith 1776
Productivity

A.Smith thought that, just as the market coordinate goods and services exchanges in the society. The companies can coordinate the work within the factories.

Contrary to a craftsman. who work alone has to be able to manage many duties to manufacture its products (usually few). workers of a factory can be specialised on a tiny amount of activities. this duties could perfectly fit with the characteristic of each worker thus the productivity of a company will increase.
A team can produce more than people working by themselves.


This principle could seem now obvious, but we have to think that this mental process was held in 18th century. Smith laid down the foundations the classic and neoclassic economical theories.

What do you think about it? let me know

E.B