division of labor Flashcards
What is the division of labor?
The division of labor is the process of breaking down production into smaller tasks, where workers specialize in specific tasks.
Why is the division of labor important?
It improves efficiency by allowing workers to focus on specific tasks they are skilled at.
How does the division of labor affect productivity?
It increases productivity by allowing workers to complete tasks faster and with greater skill.
What is an example of the division of labor in a factory?
In a car factory, one worker may assemble the wheels while another installs the engine, improving speed and efficiency.
What are the benefits of division of labor?
Benefits include faster production, increased skill, and more efficient use of time and resources.
What is the role of specialization in the division of labor?
Specialization allows workers to focus on one task, increasing expertise and efficiency in that area.
Can division of labor lead to monotony?
Yes, performing the same task repeatedly can lead to boredom and decreased motivation for workers.
How does division of labor relate to trade?
It allows for the production of specialized goods, which can be traded to meet the needs of others.
Does division of labor work better in large or small businesses?
Division of labor is more effective in large businesses where tasks can be broken down into smaller, specialized activities.
How does the division of labor relate to economic growth?
By increasing productivity and efficiency, the division of labor contributes to higher output, supporting economic growth.
