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The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation).Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own.
The Ministry of Labour – Invalids and Social Affairs [1] (MOLISA, Vietnamese: Bộ Lao động – Thương binh và Xã hội) is a ministry under the government of Vietnam responsible for state administration on labour, employment, occupational safety, social insurances and vocational training; policies for war invalids, martyrs and people with special contribution to the country; social ...
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The social division of labor also creates trade markets and prices, which operate in part by comparing the cost and time required to make each product. This type of relationship can be socially and economically advantageous; however, too much specialization can also lead to major disadvantages.
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The Labor Order (Vietnamese: Huân chương lao động) is an award conferred or posthumously conferred by the Government of Vietnam on individuals and conferred on collectives that have recorded outstanding achievements in labor, creativity or national construction. There are three Labour Order awards.
In economics, the new international division of labour (NIDL) is an outcome of globalization.The term was coined by theorists seeking to explain the spatial shift of manufacturing industries from advanced capitalist countries to developing countries—an ongoing geographic reorganisation of production, which finds its origins in ideas about a global division of labor. [1]