Definition of Economic specialization
Get Babylon's Dictionary & Translation Software Free Download Now!
Economic specialization Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
Economic specialization Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
The division of labour is the specialisation of cooperating individuals who perform specific tasks and roles. Historically, an increasingly complex division of labour is associated with the growth of total output and trade, the rise of capitalism, and of the complexity of industrialised processes. The concept and implementation of division of labour has been observed in ancient Sumerian (Mesopotamian) culture, where assignment of jobs in some cities coincided with an increase in trade and economic interdependence. In addition to trade and economic interdependence, division of labour generally increases both producer and individual worker productivity.
|See more at Wikipedia.org...|