How do division of labor and specialization contribute to economic growth?

1 answer:

5 0

Division of labor and specialization contributes to economic growth by removing poverty, and increase the prosperity of a nation.

<u>Explanation:</u>

Division of labor increases the prosperity of a nation as well as huge work done in a short duration of time with lots of workers putting effort into it. Especially industrial companies, corporate companies all these companies with mass works having their own division of labor create a huge transformation to the structure and growth of a nation.

Division of labor and specialization contributes to economic growth by removing poverty, and increase the prosperity of a nation. Specialization helps in the growth of the economy interconnecting with division of labor. It removes the poor status of the society and strengths the foundation of the nation.

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