Division of labor helps in improving technology which enhances the production of goods and services.
- Division of labor, simply means when a particular work is divided and separated into different smaller tasks where the tasks are handled by different persons.
- The division of labor helps in the improvement of production and improves efficiency as the tasks are divided which are then handled by different people. This is vital as production will be improved which then enhances technology.
- Smith explained that when there is division of labor in a company, the work can be divided into smaller pieces and this will help in enhancing productions as more quantities of the good will be produced.
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