1. Specialization Division of labour or specialization is the specialization of cooperative labour in specific, circumscribed tasks and roles, intended to increase the productivity of labour. Historically the growth of a more and more complex division of labour is closely associated with the growth of total output and trade, the rise of capitalism, and of the complexity of industrialization processes. Basically, it's a working society that does many different jobs. Example: A few people do farming, a few people do pottery, and a few people are blacksmiths. The society workes together to make the city wealthier. -Adam Smith

2. Specialization Division of labour or specialization is the specialization of cooperative labour in specific, circumscribed tasks and roles, intended to increase the productivity of labour. Historically the growth of a more and more complex division of labour is closely associated with the growth of total output and trade, the rise of capitalism, and of the complexity of industrialization processes. Basically, it's a working society that does many different jobs. Example: A few people do farming, a few people do pottery, and a few people are blacksmiths. The society workes together to make the city wealthier. -Adam Smith (16 June 1723 – 17 July 1790

3. “.…specialization of cooperative labour in specific, circumscribed tasks and roles….” A computer is a complex device with many complicated, and perhaps, expensive parts. If one company makes all of the parts, the computer may be quite expensive. SPECIALIZATION steps in, and…

4. “.…specialization of cooperative labour in specific, circumscribed tasks and roles….” ….one company makes keyboards better than anyone else. It specializes, and its production cost is lower. It sells keyboards.

5. “.…specialization of cooperative labour in specific, circumscribed tasks and roles….” Another company makes central processing units (CPUs) for less– from specialized parts it gets from other companies who make chips better and cheaper, LEDs better and cheaper, cases better and cheaper– are you starting to see a pattern?

6. “.…specialization of cooperative labour in specific, circumscribed tasks and roles….” Specialized companies provide displays, and cords, and mice, and instruction manuals, and….

7. oThe Intel microprocessor came from an Intel factory either in the Philippines, Costa Rica, Malaysia, or China. oThe memory came from a Korean- owned factory in Korea (Samsung), a Taiwanese-owned factory in Taiwan (Nanya), a German-owned factory in Germany (Infineon), or a Japanese-owned factory in Japan (Elpida). o My graphics card was shipped from either a Taiwanese- owned factory in China (MSI) or a Chinese-run factory in China (Foxconn). oThe cooling fan came from a Taiwanese-owned factory in Taiwan (CCI or Auras). The motherboard came from either a Korean-owned factory in Shanghai (Samsung), a Taiwanese-owned factory in Shanghai(Quanta), or a Taiwanese-owned factory in Taiwan (Compal or Wistron). excerpt from Friedman, Thomas L. The World is Flat 2006 Farrar, Strauss, and Giroux

8. oThe keyboard came from either a Japanese-owned company in Tianjin, China (Alps), a Taiwanese-owned factory in Shenzen, China (Sunrex), or a Taiwanese owned factory in Suzhou, China (Darfon). oThe LCD display was made in either South Korea (Samsung or LG.Philips LCD), Japan (Toshiba or Sharp), or Taiwan (Chi Mei Optoelectronics, Hannstar Display, or AU Optronics). The wireless card came from either an American- owned factory in China (Agere) or Malaysia (Arrow), or a Taiwanese-owned factory in Taiwan (Askey or Gemtek) or China (USI). SPECIALIZATION allows for goods to be produced more cheaply…

9. Specialization SPECIALIZATION allows for MORE GOODS to be produced MORE CHEAPLY… MORE COMPANIES making MORE GOODS leads to INCREASED TRADE… MORE COMPANIES making MORE GOODS leads to INCREASED PRODUCTIVITY…

10. Specialization SPECIALIZATION allows for MORE GOODS to be produced MORE CHEAPLY…. …INCREASED PRODUCTIVITY & INCREASED TRADE of inexpensively produced goods leads to INCREASED CONSUMPTION Which may lead to…… “….division of labour is closely associated with the growth of total output and trade.”

11. But that’s another presentation…