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Division of Labour. That's like saying "If you work to buy a house and food, why don't just build it instead along with a garden in the back and not work?" To
by rokhayakebe 9y ago
Division of Labour.
That's like saying "If you work to buy a house and food, why don't just build it instead along with a garden in the back and not work?" To which the answer is it is cheaper to do what you are best at and sell the surplus to buy all the houses your new money can afford.
- tooltalk 9y agoI think I know what you are trying to say, but you are describing the idea of "competitive advantage" here.
- rokhayakebe 9y agoYou are correct, what I describe is "Comparative Advantage" not Division of Labour, although I would say CA is a result of a DL at a macro level.