Asked by
Karmvir Singh
on Nov 25, 2024Verified
The division of labor means that
A) labor markets are geographically segmented.
B) unskilled workers outnumber skilled workers.
C) workers specialize in various production tasks.
D) each worker performs a large number of tasks.
Division of Labor
The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Labor Markets
The supply of available workers in relation to available work, and the dynamics of wages, employment, and labor demand.
Unskilled Workers
Individuals who perform jobs that require limited or no specialized skills or training.
- Acknowledge the merits of specialization and the segmentation of work in elevating productivity and economic efficiency.
Verified Answer
TD
Learning Objectives
- Acknowledge the merits of specialization and the segmentation of work in elevating productivity and economic efficiency.