Division of labor

Division Of Labor
Related Category: Economics: Terms and Concepts
in economics, the specialization of the functions and roles involved in production.

Division of labor
The division of a complex production process into a number of simpler tasks, ...

DIVISION OF LABOR: A basic economic notion that labor resources are used more efficiently if work tasks are divided among different workers. This allows workers to specialize in production as each becomes highly skilled at specific tasks.

division of labor dividing work into different tasks with groups of workers specializing in each task. (2, 23) ...

Division of labor
Splitting a production process across multiple workers, each performing a different task repeatedly rather than having a single worker perform all tasks.

Mike Munger on the Division of Labor. EconTalk Podcast with discussion of comparative advantage and division of labor.
"Comparative Advantage". Easy-to-read explanation.

division of labor Division of labor refers to the process where individual employees and their... Division of Market Regulation The Division of Market Regulation is a department within the United States Securities...

Although barter represents the earliest form of trade discovered by primitive man that made possible a more extensive division of labor beyond the limited bounds of a family or small clan grouping, ...

Income taxation has the worst effect on division of labor in the form of barter. Suppose that the person doing job B is actually interested in having job A done for him.

In 1994, the IRS entered into a partnership agreement with the California State Department of Industrial Relations, Division of Labor Standards Enforcement (DLSE), which oversees the licensing of FLCs in the state.

Deindustrialization
Detailed division of labor
Distributed control system
Quality control system for paper, board and tissue machines
Division of labour ...

In economic terms the firm will employ only a certain number of employees who are well fit for the job, this helps achieve specialization and division of labor that increases productivity and also efficiency and effectiveness in the firm.

Mass production is typically characterized by some type of mechanization, as with an assembly line, to achieve high volume, the detailed organization of materials flow, careful control of quality standards and division of labor.

Division of labor - The process whereby workers perform only a single or a very few steps of a major production task (as when working on an assembly line.)
Durables - Consumer goods expected to last longer than three years.

A Railway Wage Board was appointed to make recommendations to the DirectorGeneral, and a Division of Labor, headed by a brotherhood (union) official, ...

See also: Productivity, Specialization, Population, Smith, Market economy