Definition/ Meaning/ Explanation
The phenomenon where an individual is expected to master the art of producing a particular part of the particular good in order to increase the level of efficiency of the individual producer. Mastery can be achieved through this phenomenon and the concept is an application in production factories.

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Originated from/Coined by


Further Reading/ References
https://www.econlib.org/library/Topics/College/divisionoflaborspecialization.html

Category: Learning, Thinking        Tags: Specialization (Pin Factory), Mental Models