Give below are two statements:
Statement - I: Division of labour is the starting point of Smith's theory of economic growth.
Statement - II: It is division of labour that results in the greatest improvement in the productive power of labour.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false.
3
Statement I is true but Statement II is false.
4
Statement I is false but Statement II is true.