How does division of labor affect the final product?

Question

lower price, lower quality

lower price, higher quality

higher price, lower quality

higher price, higher quality

Answer 1

Division of labor typically leads to a higher quality final product at a lower price. This is because the practice allows workers to specialize in specific tasks or roles within the production process. By focusing on a narrower set of skills or responsibilities, workers can become more efficient and proficient, leading to improved quality. Additionally, as workers become more specialized, they can complete their tasks more quickly, resulting in higher productivity and reduced costs. This increased efficiency and productivity facilitate the production of higher quality products at a lower price.