What is division of labour:
The division of labour is an economic and production concept where the overall task of producing goods or services is broken down into smaller, specialized tasks, with different workers or groups focusing on specific parts of the process. This system enhances efficiency, productivity, and expertise by allowing individuals to specialize in a particular skill or function.
Key Features of Division of Labour:
Specialization – Workers or groups focus on a narrow task, developing expertise and improving efficiency.
Increased Productivity – By focusing on a specific role, workers become faster and more proficient, reducing production time.
Use of Machinery – Specialization allows better integration of machines and technology, further enhancing efficiency.
Interdependence – Each worker’s role depends on the output of others, creating a coordinated workflow.
Cost Reduction – Efficiency leads to lower production costs, making goods more affordable.
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