• Bookmarks

    Bookmarks

  • Concepts

    Concepts

  • Activity

    Activity

  • Courses

    Courses


Task specialization involves dividing work into distinct tasks, each performed by individuals or groups with specific skills, to increase efficiency and productivity. This approach leverages the benefits of expertise and allows for faster and more consistent output, but may also lead to monotony and reduced flexibility among workers.
Consumer Theory explores how individuals make decisions to allocate their resources among various goods and services to maximize their utility. It assumes that consumers are rational and aim to get the most satisfaction possible from their available income and the prices of goods and services.
3