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 the economy consists of trading in services

Question

Quizplus · Accepted Answer

Specialization of labor refers to individuals focusing on a narrow range of tasks or production, which often means they produce goods or services that they do not directly consume themselves, relying on trade to obtain other goods and services they need.

Specialization of Labor Means That