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division of labour is the breaking down of production activities into stages.This makes work faster and easier it also create employment for individuals thereby encouraging economic progress.

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Q: What are economic significance of division of labor?
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Related questions

What is the new and ONLY economic paradigm existing that replaces the division of labor?

The "Integration of Labor(sm)"...


Which economic theorist believed that the division of labor could make workers become like machines?

Karl Marx A+


Division of labor is a characteristic of?

An assembly line is an example of Division of Labor.


What is a sentence for the word division of labor?

The assembly line utilized a division of labor approach, with each worker responsible for a specific task in the production process.


What does the term division of labor mean?

Division of labor is the division of tasks, roles and duties between people trying to accomplish a certain task. Division of labor became an important element of society during the Industrial Revolution, when factory work changed the way in which people worked together to create products. This method of labor was supported by famous economists like Adam Smith and mechanical engineers such as Charles Babbage.


Division of labor in a sentence?

Social class and drudgery date from the division of labor.


Use division of labor in a sentence?

Mesopotamians used division of labor. more of that has to be put on


Is the labor means to economic development?

No labor means not economic development.


What would happen if there was no division of labor?

What if there is no division what we can do


How did division of labor change in the 1990s?

As a consequence of these changes, during the 1990s increased division of labor between firms was often accompanied by a reduction in the division of labor within firms.


Division of labor results in?

The division of labor generally leads to specialization in any production line. Furthermore, division of labor increases the efficiency of production and makes the process faster.


What has the author Ugo Pagano written?

Ugo Pagano has written: 'Work and welfare in economic theory' -- subject(s): Division of labor, Economics, Value, Work