Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Why would division of labor without trade not work?

Short Answer

Expert verified

It operates when employees purchase goods and services from their revenue which they acquire for accomplishing their jobs. Also, without trade, we can't specialize

Step by step solution

01

Division of labor without trade not work

Division of labor does not work without trade. Division of labor operates when employees purchase goods and services from their revenue

which they obtain for accomplishing their jobs.

02

Conclusion

In the current culture, someone does not require to keep all the talents and the knowledge regarding the production of the goods. The individuals only need to learn some specialized talents so that they can purchase goods with their earnings. For example: when a person purchases a washing machine, he just requires to know how it works and he does not need to know how it is constructed.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Study anywhere. Anytime. Across all devices.

Sign-up for free