explain the importance of division of labour
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A more complex division of labor is closely associated with the growth of economic output and trade, the rise of capitalism, and the complexity of industrialization processes. In a division of labor, the production process is broken down into a sequence of stages, and workers are assigned to particular stages.
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division of labour allows individuals and firms to specialise and to produce more for several reasons(a) it allows the agents to focus on area of advantages due to natural factors and skill levels(b) it encourages the agents to learn and invent( c) it allows Agencies to take advantage of economic scale
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