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[Division of Labor] a combination of specialization and the partition of a complex production task into several, or many, sub-tasks to produce more output

[Division of Labor] a combination of specialization and the partition of a complex production task into several, or many, sub-tasks to produce more output [Division of Labor] a combination of specialization and the partition of a complex production task into several, or many, sub-tasks to produce more output
Source: Artist unknown via Hongkiat
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[Divison of labor's] importance in economics lies in the fact that a given number of workers can produce far more output using division of labor compared to the same number of workers each working alone. Interestingly, this is true even if those working alone are expert artisans.

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Division of labor is a hopeful doctrine. Nearly any nation, regardless of its endowment of natural resources, can prosper simply by developing a specialization. That specialization might be determined by comparative advantage, lying in climate or other factors, of course. But division of labor alone is sufficient to create trading opportunities and the beginnings of prosperity. By contrast, nations that refuse the opportunity to specialize, clinging to mercantilist notions of independence and economic self-sufficiency, doom themselves and their populations to needless poverty.

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