Specialization of labor means that:

A) production requires a special kind of labor.
B) the overall skill level of labor is increasing.
C) individuals produce goods other than those they want to consume.
D) individuals achieve self-sufficiency in production.
E) exchange within an economy consists of trading in services.

Specialization Of Labor

The practice of dividing labor into specific, narrowly defined tasks to increase efficiency and productivity.

Production

The process of creating goods or services using input resources like labor, materials, and technology.

Self-Sufficiency

The ability of an individual, household, or country to maintain itself without external assistance, relying on its own resources and capacities.