If an Economy Exhibits the Specialization of Labour,we Know That

question 108

Multiple Choice

If an economy exhibits the specialization of labour,we know that

• A)a barter economy is more suitable.
• B)most production is artisanal in nature.
• C)each worker is self-sufficient.
• D)job security is ensured.
• E)different individuals are producing different products.

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Definitions:

Generation Y

Generation Y, also known as Millennials, refers to the demographic cohort following Generation X, typically born between the early 1980s and mid-1990s.

Born

The process of coming into life or entering into existence.

Mature Consumers

Individuals typically in the age group of 55 years and older, often characterized by distinct purchasing habits and preferences shaped by years of consumption experience.

Chronological Age

The actual age of an individual or object, measured in units of time since birth or creation.