Give the three reasons that explain why the division of labor increases an economy’s level of production.

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04-09-2019
Business

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Give the three reasons that explain why the division of labor increases an economy’s level of production.

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Nanigoodlearning Nanigoodlearning · Answer 1 · 2019-09-09T04:54:35+02:00

Answer:

1- Identifying the difference in abilities allows us to determine that not all people are good at performing all tasks and therefore, place people in the occupations they know how to perform allows to improve efficiency

2- Improve efficiency by saving time spent on tasks

3 - Better improvement of the tasks for the time spent specialized in one thing.

Explanation: The division of labor is possible for the participants of the system to specialize and in this way the work can be more efficient.