Question

In: Economics

What does division of labor mean? How does it affect production and why?

What does division of labor mean? How does it affect production and why?

Solutions

Expert Solution

the division of labour represents the specialization of labours in a different task. Individuals and organizations are acquiring specialize or capable workers to take advantage of their capabilities. the division of work refers to the division of a large task or contract to a smaller task. the specialized capabilities may include skilled and trained labours.
An increase in the division of labour will affect the growth of total output and trade. also may rise of industrialised process and capitalism.  


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