ECONOMICS
DIVISION OF LABOR AND SPECIALIZATION
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Detailed explanation-1: -division of labour, the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons. It is most often applied to systems of mass production and is one of the basic organizing principles of the assembly line.
Detailed explanation-2: -Occupational or Simple Division of Labour. Division of Labour into complete processes or complex Division of Labour. Division of Labour into sub-processes or incomplete processes. ADVERTISEMENTS: Territorial or geographical Division of Labour.
Detailed explanation-3: -Land. Labor. Capital. Entrepreneurship.
Detailed explanation-4: -Efficiency. When workers are focused on one task, they can master it and improve their production times. Collaboration. Quick training. Worker allocation. 25-Mar-2022