Markets and the Division of Labor: Social Impacts Essay

Markets and the Division of Labor: Social Impacts Essay

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Most countries that are developing have familiarized themselves with the theatrical fissure between the raised expectations and the results essentially achieved courtesy of the reforms instituted to widen the function of the market in the social processes, and with an analogous fissure between the outcomes and expectations connected to social cohesion and problems.
This paper scrutinizes relations between markets and division of labor and how they encourage or discourage social cohesion. The paper will also highlight some methods that can be useful in building a healthy relationship between the three.
Social Cohesion
This can be described as the several bonds and elements that bring the populace together within a society. The idea behind it is a complex perception that is an umbrella to diverse typologies of social trends. It can also be described as the capacity of a given society to guarantee the well-being of every member, steering clear of marginalization and cutting down on disparities.
Division of Labor
It entails work separation procedure into several tasks, with every task carried out by a separate group of persons or an individual. Most of the time, it is applied on mass communication systems besides being among the fundamental organizing principles in regard to the assembly line. It eradicates redundant motions and limits handling of dissimilar parts and tools. The resultant drop in production time in addition to the capacity to swap craftsmen with lower remuneration, workers that are unskilled more often than not result in less costly final products and lesser production costs.
Division of labor, Markets and Social cohesion
Markets can be easily described as a place that offers a platf...

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...esion Fukuyama. Brussels: European Commission.
Freeman, R. B., Harvard & NBER, LSE CEP. (2011, January). Can competitive labor markets produce social cohesion (or do we need institutions)? Lessons from some advanced and developing countries. Paper presented at the International conference on social cohesion and development, OECD Paris. Retrieved from
Mora, M. (2006). Social cohesion in the Czech Republic: a blessing or a trap? ECFIN Country Focus, 3(10), 1-3. Retrieved from
Shortell, T. (2011). Durkheim's Theory of Social Class. CUNY: Department of Sociology, Brooklyn College.
Wang, M. (2010). The Rise of Labor Cost and the Fall of Labor Input: Has China Reached a Turning Point? China Economic Journal, 3(2), 139-155.

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