The division of labour is the specialization of cooperating individuals who
perform specific tasks and roles. Because of the large amount of labour saved by
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division of labour. (redirected from Specialization of labor) Also found in:
Wikipedia. division of labour. n. 1. (Industrial Relations & HR Terms) a system of ...
Specialization of labor is a powerful force in an economy, benefiting small and
large businesses alike. Workers produce more when they occupy specialized ...
Specialization of labor is a classic economic theory. Plato discussed the
specialization of labor in his work “Republic”. Plato wrote about this
Specialization of Labor For tens of thousands of years, mankind survived by
doing whatever they could to find food and shelter for themselves and their
Labor specialization is one of the key features of modern economic systems,
enabling factories and other business operations to produce goods on a global ...
Definition of specialization of labor: Alternative term for division of labor.
Smith saw the main cause of prosperity as increasing division of labor. Using the
famous example of pins, Smith asserted that ten workers could produce 48,000 ...
This different category gives rise to the four categories of specialization, land
specialization, capital specialization, labor specialization or division of labor.
Apr 15, 2005 ... Growth, according to Smith, is rooted in the increasing division of labor. This idea
relates primarily to the specialization of the labor force, ...