Specialization and division of labor are made easier by the existence of money.

Question

Quizplus · Accepted Answer

Money serves as a medium of exchange, making it easier for individuals to specialize in a specific task and trade their goods or services for money. Money also allows for the efficient division of labor, as workers can be paid for their specialized work with money and use that money to purchase goods and services produced by other specialized workers.

Specialization and Division of Labor Are Made Easier by the Existence