Economics 10b Lecture Notes - Lecture 3: Tempeh, Comparative Advantage, Opportunity Cost
Document Summary
In economics, there are 2 types of specialisation that economists regard as the division of labour and countries" comparative advantage. Division of labour is the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons. It is most often applied to the systems of mass production is one of the basic organizing principles of the assembly line in a factory. The principle of division of labour is that in the case of the hunger. The system of mass production is very apparent in the availability of goods and services in the. Capitol itself with most of its goods and services coming from the districts, which in logging and sends its lumber to the capitol, while the capitol"s food supply assemble them and ship them to the capitol.
