Question

What is a positive outcome of specilization and a Division of labor

a It allows workers to participate in many parts of the production process
b It improves the relationship between business owners and workers
c It enables companies to raise prices on goods and services
d It allowed people to work faster and be more productive

Answer 1

The positive outcome of specialization and a division of labor is increased productivity, lower production costs, and improved efficiency.

Step-by-step explanation:

The positive outcome of specialization and a division of labor is that it allows workers to participate in many parts of the production process, which increases productivity. By dividing tasks among individuals who specialize in specific areas, the overall production of goods or services can be significantly increased. For example, in Adam Smith's observations of pin factories, a group of workers each focusing on specific tasks produced a much larger quantity of pins compared to one worker trying to produce the entire product by themselves.

Specialization also enables companies to take advantage of economies of scale. As production levels increase, the average cost of producing each individual unit declines. This can lead to lower prices for consumers and increased profits for businesses.

Overall, the division of labor allows people to work faster and be more productive. By specializing in specific tasks, workers can become more efficient and skilled in their areas of expertise, leading to higher production levels and economic growth.