Examlex
In functional and centralized structures:
Division of Labor
A method that breaks down the production of a product into a series of specific tasks, each performed by a different worker.
Specialization
The concentration of the productive efforts of individuals or organizations on a limited number of activities, leading to increased efficiency and productivity.
Mass Production
A manufacturing technique that produces large quantities of goods efficiently by using assembly lines or automation technology.
Exchange
The act of giving one thing and receiving another, especially of the same type or value, in return.
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