The specialization of labour enhances production because people?
A. can concentrate on all goods B. can efficiently produce their own needs C. can save time and produce more D. become experts in all areas of production
Correct Answer: D
Explanation
The division of labour is the separation of tasks in any system so that participants may specialize. Individuals, organizations, and nations are endowed with or acquire specialized capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Division of labour leads to specialization where people can concentrate on task they perform better than others. Workers will require less training to be an efficient worker. Therefore this will lead to an increase in labour productivity and firms will be able to benefit from economies of scale (lower average costs with increased output) and increased efficiency. workers specialising in a repetitive job is an Examples of specialisation and division of labour