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The economics behind MI win
The New Indian Express
|April 08, 2024
From Sharma to Bumrah, everyone played their part as Mumbai secure first victory of 2024
THERE is this concept of the Division of Labour in economics.
Simply put, division of labour combines specialization and the partition of a complex production task into several, or many, sub-tasks. It lies at the core of modern economic thinking.
Which is why, the first chapter of The Wealth of Nations, written by the father of modern economics Adam Smith, explains this concept in detail That's enough economics for the day, but the core of what the Scotsman said in 1776 still feels true about the Mumbai Indians of 2024.
Yes, they are an entity.
One of the most successful ones in the IPL and they were in desperate need of producing 'goods'. The season did not start particularly well for them under their new captain. In their first match of the season, they looked clueless against Gujarat Titans.
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