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 that they are relatively good at producing and trade for those that they do not produce
D)individuals achieve self-sufficiency in production
E)exchange within the economy consists of trading in services

Question

Quizplus · Accepted Answer

Specialization of labor means individuals produce goods that they are relatively good at producing and trade for those that they do not produce. This leads to greater efficiency and productivity in the economy.

Specialization of Labor Means That