Specialization of labor makes sense only if there is some means of exchange.

Question

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Specialization of labor refers to the division of labor where individuals specialize in a specific task or activity that suits their skills or expertise. However, this specialization only makes sense if there is a means of exchange, such as a medium of exchange or currency, to facilitate transactions between individuals specializing in different tasks. Without a means of exchange, the benefits of specialization cannot be fully realized, as there would be no efficient way to exchange goods and services.

Specialization of Labor Makes Sense Only If There Is Some