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specialization of labor

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  • Specialization — Specialisation, also spelled Specialization, is an important way to generate propositional knowledge, by applying general knowledge, such as the theory of gravity, to specific instances, such as when I release this apple, it will fall to the… …   Wikipedia

  • Labor market segmentation — OverviewLabor Market Segmentation is classified as the core, neo classical economic theory, this economic system sees a market labor which consists of buyers and sellers in open competition with each other;which functions in the same way as other …   Wikipedia

  • Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …   Wikipedia

  • Division of labor —    Karl Marx discusses the division of labor at various points in his writings, and it clearly is a topic of particular significance in his thought. In his earlier writings, notably The German Ideology (1846), Marx talks about it in fairly loose… …   Historical dictionary of Marxism

  • division of labor — the separation of labor into its components or into various distinct processes and their apportionment among different individuals, groups, or machines for the purpose of increasing productive efficiency: as a. : the distribution of occupations… …   Useful english dictionary

  • Skill (labor) — Skill is a measure of a worker s expertise, specialization, wages, and supervisory capacity. Skilled workers are generally more trained, higher paid, and have more responsibilities than unskilled workers. [Harvard reference |last=Cowan… …   Wikipedia

  • Economic rent — is the difference between what a factor of production is paid and how much it would need to be paid to remain in its current use.There are multiple mechanisms that can create economic rent: political contrivance, network effect, monopoly power,… …   Wikipedia

  • Technology — By the mid 20th century, humans had achieved a mastery of technology sufficient to leave the atmosphere of the Earth for the first time and explore space. Technology …   Wikipedia

  • Thomas Malthus — infobox economist school tradition= Classical economics color = #B0C4DE image caption = Thomas Robert Malthus name = Thomas Robert Malthus birth = birth date|1766|2|13 (Surrey, England) death = death date and age|1834|12|23|1766|2|13 (Bath,… …   Wikipedia

  • Guns, Germs, and Steel — Infobox Book name = Guns, Germs, and Steel image caption = Paperback cover author = Jared Diamond country = United States language = English subject = geography, social evolution, history of civilization, ethnology, cultural diffusion publisher …   Wikipedia

  • Gulzarilal Nanda — Infobox Prime Minister name = Gulzarilal Nanda imagesize = 160px birth date = birth date|df=yes|1898|7|4 birth place = Sialkot, Punjab, British India death date = death date and age|df=yes|1998|01|15|1898|07|04 death place = New Delhi, India… …   Wikipedia

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