What does the division of labour entail?

The division of labour refers to the process of breaking down the production of goods and services into specific tasks assigned to different workers. This specialization allows individual workers to focus on a particular aspect of the production process, which can lead to increased efficiency and productivity. When workers are assigned specific tasks, they can develop skills and expertise in those areas, often resulting in faster production times and higher quality outputs.

By dividing labour in this way, businesses can streamline their operations, reduce the time taken to produce goods, and often lower production costs. This concept is a fundamental principle in economics and is often associated with increased productivity, as workers become more adept at their assigned tasks over time.