Illustrate the division of work in Economics?
Division of Work (or Labour):
It s a famous principle of Economics, invented through the traditional economist as defined by Adam Smith. And Fayol had advocated Division of work to take benefit of specialization that results in increased human efficiency. The structure of organisation must so divide and group the activities of the enterprise therefore they contribute most efficiently and effectively to enterprise things. Division of work implies dividing the work upon the principle that various workers (and various places) are best fitted for various jobs (or things) depending on affects arising through geography, natural situation, personal skills and aptitude. Division of work leads to specialization. Conception of division of work can be applied to all types of work technical and managerial.