Chapter 16 Vocab

Process for assembling a product as parts are added along a line and each worker has a specific task

• division of labor

• assembly line

• expertise

• repetitive

To become less important, such as the Yuan Dynasty began to decline after the death of Kublai Kahn

• increase

• efficient

• decline

• improve

Process in which workers are assigned a specialized task to increase efficiency in production; i.e. one worker checks for bubbles in chocolate bars

• division of labor

• efficient

• expertise

• output

Working in the best possible way with the least waste of time and effort

• decline

• increase

• efficient

• hard-working

Expert skill of knowledge in a particular field

• output

• efficient

• expertise

• quality

Amount of something produced

• input

• specialization

• repetitive

• output

The greatest possible output of something; such as the most jelly beans that a company can produce

• productive capacity

• division of labor

• efficient

• assembly line

Doing the same thing over and over

• Best effort

• Successful

• Output

• Repetitive

Not enough resources to produce or purchase all the goods and services people want or need

• benefit

• cost

• scarcity

• abundance

What is gained as a result of a decision

• cost

• benefit

• scarcity

• output