The purpose of this article is to analyze market through close examining division of labour in both business and society. Economic problem, the primary issue of our society, resolves as free market system being embedded into our lives. In which, this market requires is diverse means of production. Labour is the production force of our economy that has been a developmental concept since the existence of mankind. Due to the ever progressing society, efficiency raises because of division of labour is introduced to different areas of work. However, this ideology of dividing the work into small pieces and separately given to different people is pre-existed in the life pattern of human nature. As Adam smith suggest, the amount of wealth that one possess is not determined by the amount of money one earn, but defined by the ability of one’s labour. On the other hand, Marx emphasizes value of labour in the process of division of labour. When labours are divided, there has to be a surplus in products, for which a trade can occur, that is the foundation of market. The modern specialization in market is derived from the class level system. This may seem abstract due to the evolution from feudalism towards capitalism. As discussed, if division of labour creates market, and division of labour is part of nature activity, therefore market or in other words, Capitalism is also part of the human nature. The division of labour is a perfect example of societal changes affecting the structure and operating method of business. From the theory of division of labour, many businesses developed. Such administrative ways as outsourcing, this is an efficient method in term of marketing.
Source:
Smith, A. (1970). ‘Selection of Division of Labour’, in idem. The Wealth of Nations (Harmondsworth: Penguin), pp. 109 -126
Heilbroner, R. and Milberg, W. (2002). ‘The Market’,in idem. The Making of Economic Society 11th edtion (New York: Prentice Hall), pp.10-11
Marx, K. (1867). ‘Division of Labour in Manufacture and division of Labour in Society’, in idem. Capital volume I, students edition (London:Penguin), pp. 210-14
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