The division of labor enables
A)the augmentation of scarcity.
B)the elimination of scarcity.
C)opportunity costs.
D)economic interaction.
E)specialization.

Question

Quizplus · Accepted Answer

The division of labor leads to specialization, where individuals or firms focus on producing a specific good or service. This enables them to become more efficient and productive in their respective areas, which can lead to increased output and economic growth.

The Division of Labor Enables