ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The division of labor allows for a more efficient allocation of workers. When each worker is assigned a specific task suited to their specific skills, the use of their time and skills is maximized. This results in fewer idle workers and less wasted time and resources (Boyce, 2021).

Detailed explanation-2: -Division of labor is when different tasks are assigned to employees to complete independently to increase output efficiency. Dividing labor is a technique that developed for the industrialization of manufacturing because it allowed for a more streamlined process where each task and responsibility is clearly defined.

Detailed explanation-3: -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-4: -By definition, the division of labor refers to separating each part of production into different tasks with a different employee responsible for each individual task.