Examlex
Use Adam Smith's pin factory example to explain how the division of labour within a firm can increase output from a given quantity of resources.
Mechanism
A system of moving parts designed to perform a specific function within a larger machine or device.
Abbreviation
An abbreviated version of a word or phrase.
Bill of Materials
A comprehensive list of raw materials, components, and assemblies required to construct, manufacture, or repair a product or service.
Standard Parts
Components that are manufactured to a set specification and can be used interchangeably across different devices or assemblies.
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