ortizjoe594 ortizjoe594
  • 22-04-2021
  • Social Studies
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What do the terms specialization and division of labor mean? How is each related to productivity?

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seleneleon
seleneleon seleneleon
  • 22-04-2021

Answer:

Specialization-focusing on what one does best. Division of Labor- splitting of complex tasks into separate, smaller tasks that different workers can do. Both lead to more efficiency and increase productivity. ... It increases productivity which leads to economic growth and higher GDP.

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