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27 Oct 2021

Introduction

Division of labor or specialization of labor is considered to be the most critical criteria of economy. Division of labor allows people to specialize in any one area and produce that product in abundance. This is how an individual becomes a specialist in doing that work and works in the best efficient manner. Division of labor is the main driving force for the economic growth in traditional industries. It is advantangeous at many levels of production. It develops skills and enhances the interest of people in the specific domain.

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