ECONOMICS
DIVISION OF LABOR AND SPECIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The combination of work that will be performed by a group of persons.
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The separation of work process into a number of tasks performed by a separate person or group of persons.
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Either A or B
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None of the above
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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: -Division of labor is an important economic concept that refers to the separation of tasks in a production process. Division of work can also be referred to as specialization, where workers are assigned smaller, manageable tasks that contribute to the larger main activity.
Detailed explanation-3: -Specialisation refers to a worker only performing one task or a narrow range of tasks. In case of firms, specialisation refers to different firms specialising in producing different goods or services. Division of labour refers to different workers performing different tasks in the course of producing a good or service.
Detailed explanation-4: -An example of division of labor is the assembly line present in most manufacturing facilities. Each person has a task they complete on an assembly line before the product moves to the next station. The person at each station completes one task repeatedly, and the product moves between stations.
Detailed explanation-5: -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.