Final answer:
The division of labor among workers or countries enables specialization, free trade, and globalization.
Step-by-step explanation:
The division of labor among workers or countries enables specialization. Specialization refers to the concentration of individuals or countries on specific tasks or industries that they can perform most efficiently. When workers or countries specialize, they can produce more goods or services in less time and with fewer resources, leading to increased productivity and economic growth.
This division of labor also facilitates free trade because each country can focus on producing the goods or services that they are most efficient at, and then trade with other countries for the goods or services that they do not produce themselves. This allows for a more efficient allocation of resources and a broader variety of goods and services available to consumers.
Additionally, the division of labor among workers or countries is a driving force behind globalization. Globalization refers to the increasing interconnectedness and integration of economies, cultures, and societies on a global scale. The division of labor enables countries to participate in global supply chains and collaborate with other countries, leading to greater exchange of goods, services, capital, and ideas.
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