Which option best completes the following sentence? division of means focusing human efforts on fewer, more specific tasks such that laborers are capable of turning out much quantities and production is more a. labor / higher / efficient b. capital / lower / professional c. resources / higher / timely d. labor / lower / steady

Answer – Option A. (Labor / Higher/ Efficient)

Division of LABOR means focusing human efforts on fewer, more specific tasks such that laborers are capable of turning out much HIGHER quantities and production is more EFFICIENT… The overall goal of division of labor is to improve efficiency.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.