Marginal Revolution University
Grades 9-12
Valentine's Day Demand Interactive
Key Concepts: Demand, Quantity Demanded
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This video teaches the concepts of Division of Labor and Specialization. The division of labor refers to the practice that the tasks of producing a good or service are divided up into separate tasks. When workers focus on performing separate tasks, specialization occurs. [TRANSCRIPT]
Marginal Revolution University
Grades 9-12
Grades 6-8, 9-12
Grades 9-12
Grades K-2, 3-5