Publisher's Synopsis
Excerpt from Shall the Policy of Government Price-Control Be Adopted in the United States?
Marketing A Manifestation of the Division of Labor. It will be remembered that marketing is a pait of production. Specialization into successive steps is a form of division of labor and division of labor is commonly praisd as a phenomenon that reduces the cost of production, or that makes possible the pro duction of a greater amount of wealth with the same amount of effort. We praise division of labor in the packing plant, whereby each workman performs a single task and becomes an expert at that task. We also praise that form of specialization, whereby the manufacturing process is sub-divided among separate plants. In the steel industry, for example, one plant makes nothing but pig iron, another makes pig iron into crude steel; another rolls the steel into bars; another takes the bars and makes structural forms, or machinery In the worsted industry, the tendency is towards a greater sub dixision of tasks among separate plants.
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