Question

What is meant by the division of labour? very short answer type questions

Answer 1

Explanation:

Division of labour is an economic concept which states that dividing the production process into different stages enables workers to focus on specific tasks. ... This concept was popularised by Adam Smith in An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

Answer 2

Answer is:-

The division of labour is the separation of tasks in any economic system or organisation so that participants may specialise (specialisation).

Additional Information:-

Individuals, organisations, and nations are endowed with or acquire specialised capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own.

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