Question 38
Theory of ProductionDivision of labour gives rise to
- A.the exchange of goods and services
- B.the use of a barter system
- C.the production of limited goods
- D.unemployment
- E.delay in production.
Show the answer and explanation
Answer: A (the exchange of goods and services)
Explanation
When people specialise they produce more of one thing and must exchange to get other goods.