Examlex
Which of the following is an example of specialization and division of labor?
Variation In Wages
The differences in pay received by employees due to factors like experience, education, and location.
Ability
The possession of the means or skill to do something; often considered in economic terms as related to productivity and employment.
Effort
The use of physical or mental energy to accomplish a task or achieve a goal.
Chance
The occurrence of events in the absence of any obvious intention or cause.
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