What is division of labour???
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The division of labour is the process of breaking up a task or job into smaller, interconnected sub-tasks, thereby generating efficiency gains due to the positive effects of specialisation. Following Adam Smith, the significance of the division of labour is that, firstly, it can only be applied when markets are sufficiently large enough and, secondly, that the increasing division of labour provides a significant contribution to economic growth, and the ‘wealth of nations’.
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Division of labour, the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons.
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