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What Is Work Specialization? Discuss Its Advantages and Drawbacks

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What is work specialization? Discuss its advantages and drawbacks.


Definitions:

Free-Agent Economy

An economic system where individuals act as independent contractors or freelancers, rather than being committed to a single, long-term employer.

Independent Contracts

Refers to agreements or arrangements where individuals or entities provide services to another entity as non-employees, typically governed by contractual terms.

Shifting Mix

Changing the combination or proportion of elements within a group, portfolio, or formula to achieve a desired outcome or balance.

Broad Purpose

A wide-ranging or general aim that an organization or individual seeks to achieve, often encompassing various specific objectives.

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