If an economy exhibits the specialization of labour,we know that
A)a barter economy is more suitable.
B)most production is artisanal in nature.
C)each worker is self-sufficient.
D)job security is ensured.
E)different individuals are producing different products.

Question

Quizplus · Accepted Answer

The specialization of labor means that different individuals are producing different products or performing different tasks, often within the same industry. This allows for greater efficiency and productivity, as individuals can focus on what they are best at and trade with others for goods and services they need. A barter economy may still be possible, but it is not necessarily more suitable. Artisanal production may still occur, but the overall trend would be towards more efficient methods of production. Self-sufficiency is not necessary with specialization of labor, as individuals can rely on others for goods and services they do not produce themselves. Job security is not necessarily guaranteed, as industries and job demands can shift with changes in the economy.

If an Economy Exhibits the Specialization of Labour,we Know That