Specialization of labor means that:
A)production requires a special kind of labor.
B)the overall skill level of labor is increasing.
C)individuals produce goods other than those they want to consume.
D)individuals achieve self-sufficiency in production.
E)exchange within an economy consists of trading in services.

Question

Quizplus · Accepted Answer

Specialization of labor refers to the process where individuals or groups focus on producing a limited range of goods or services, often those for which they have a particular skill or advantage, rather than producing everything they want to consume. This leads to increased efficiency and productivity.

Specialization of Labor Means That