JAMB - Commerce (2024 - No. 29)
The breaking down of work into different processes is known as
production
division of labour
specialization
exchange
Paliwanag
Division of labour refers to the practice of breaking down a complex task or job into smaller, specialized tasks or processes. Each individual or group focuses on performing a specific task or process, which leads to increased efficiency and productivity. This concept was popularized by the economist Adam Smith in his book "The Wealth of Nations" and i widely used in various industries and organizations.