What is specialization and division of labor?

Answer 1

In developed economies, most workers specialize in performing particular tasks in production of a good or service. Very few workers make a complete product. Firms, regions and countries. For example Sri Lanka and The Maldives, concentrate on tea and tourism respectively.

The division of labourThe division of labour id the splitting of the production process into a number of individual operations and making each operation a special task of one worker. So it involves workers specializing. For example, in a Hotel, some workers are will be employed as housekeepers, waiters, receptionists, managerial staff, chefs etc.

Answer 2

In developed economies, most workers specialize in performing particular tasks in production of a good or service. Very few workers make a complete product. Firms, regions and countries. For example Sri Lanka and The Maldives, concentrate on tea and tourism respectively.

The division of labourThe division of labour id the splitting of the production process into a number of individual operations and making each operation a special task of one worker. So it involves workers specializing. For example, in a Hotel, some workers are will be employed as housekeepers, waiters, receptionists, managerial staff, chefs etc.