Vocabulary Quiz

Making large amounts of a product quickly and cheaply

• economic

• mass production

• specialization

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

• Division of labor

• specialization

• economic

Involves making, buying, and selling goods and services

• economic

• division of labor

• efficiency

The creation of goods and services

• efficiency

• production

• specialization

Getting the most out of your materials and work without wasting time or energy

• Division of labor

• production

• efficiency

Being skilled at one, specific kind of work

• specialization

• division of labor

• economic