28 Oct 2021
Problem 5
Page 291
Section SELF: CHECK QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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28 Oct 2021
Introduction
Division of labor or specialisation of labor is one of the most critical aspects of production. It is basically a narrow specialization of tasks within the production process. Because of division, each worker becomes a specialist in doing one thing. In traditional industries, it can be considered as a major motive force behind economic-growth. It is not only advantageous at different levels of production but also helps people developing their skills, talents, and interests to in a particular domain.
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