Changes

[[Image:Sigentha.jpg|right|thumb|200px|[[Adam Smith]] had the insight that division of labor improves productivity because individuals who specialize gain insights that aids [[innovation]].]]

[[Image:Sigentha.jpg|right|thumb|200px|[[Adam Smith]] had the insight that division of labor improves productivity because individuals who specialize gain insights that aids [[innovation]].<ref>[https://www.adamsmithworks.org/speakings/veckov-division-of-labor-innovation What Would We Do Without Division of Labor?], Adam Smith Works website</ref> ]]

'''Division of [[labor]]''' is the specialization of tasks to improve [[efficiency|efficiencies]] and increase overall output.

'''Division of [[labor]]''' is the specialization of tasks to improve [[efficiency|efficiencies]] and increase overall output.

*[https://www.adamsmithworks.org/speakings/veckov-division-of-labor-innovation What Would We Do Without Division of Labor?], Adam Smith Works website

*[https://www.adamsmithworks.org/speakings/veckov-division-of-labor-innovation What Would We Do Without Division of Labor?], Adam Smith Works website

*[https://hbr.org/2011/07/the-big-idea-the-age-of-hyperspecialization The Big Idea: The Age of Hyperspecialization], Harvard Business Review

*[https://hbr.org/2011/07/the-big-idea-the-age-of-hyperspecialization The Big Idea: The Age of Hyperspecialization], Harvard Business Review

[[Category:Economics]]

[[Category:Economics]]