Efficiency: Efficiency measures how well resources are used to accomplish a task with minimal waste. It focuses on maximizing output while minimizing input.
Division of Labor: Division of labor involves breaking down complex tasks into smaller specialized tasks performed by different individuals or groups, increasing overall productivity.
Assembly Line: An assembly line is a manufacturing process where products move sequentially through various workstations, with each worker specializing in one specific task. This method significantly boosts productivity compared to individual craftsmanship.