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Division of Labour
Division of Labour
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Definitions
Division of Labour
Division of Labour
Specialization
Comparative Advantage
Economics
The system by which different members of any society do different types of work, emphasizing specialization and efficiency.
Read more about Division of Labour.
Definitions
Economies of Scale
Economies of Scale
Cost Advantage
Production Efficiency
Indivisibilities
Division of Labour
The factors which make it possible for larger organizations or countries to produce goods or services more cheaply than smaller ones.
Read more about Economies of Scale.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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