Specialization of Labor
Definition
Specialization of labor is when different people in society take on specific roles or jobs that require unique skill sets; this leads to increased efficiency and productivity.
Related terms
Division of Labor: The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Economic Efficiency: The optimal production and distribution of resources given existing factors including technology and social values.
Capitalism: An economic system characterized by private ownership where investment and profits are determined by competition in free markets.
"Specialization of Labor" appears in:
Subjects (2)
AP Art History
Intro to Sociology
Study guides (1)
AP World History: Modern - 5.3 Industrialization Begins
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About Us
About Fiveable
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Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.