Advantages of division of labour, Microeconomics

Advantages of Division of labour:

Division of labour has advantages including the following:

Development of Greater Skill by the Worker

In division of labour, each worker specializes in doing only one task. By repeating the same task again and again the worker develops greater skill in it and becomes a specialist in the task

Increase in Productivity

Division of labour leads to increased productivity of the worker.   By developing  a  greater  skill  and  becoming  a  specialist  in  what  the worker does increases the productivity of the worker and production as a whole.

Saving of Time

The  time  that  would  have  been  wasted  by  each  worker  moving around to change tasks and tools is saved when division of labour is practiced.

Increased use of Machines and Equipment

In division of labour, because the production process is broken up into smaller units of tasks and each worker routinely performs one task, machines or equipment may be used to perform the task.  It is easier to develop machines and equipment to perform only a single and simple task than several and complex tasks.

Mass Production

It leads to mass production of goods at cheaper costs and therefore reduced selling price.

Posted Date: 1/2/2013 7:38:01 AM | Location : United States







Related Discussions:- Advantages of division of labour, Assignment Help, Ask Question on Advantages of division of labour, Get Answer, Expert's Help, Advantages of division of labour Discussions

Write discussion on Advantages of division of labour
Your posts are moderated
Related Questions
Returns from Education Monetary benefits from education are called as returns. Such benefits accruing to an individual are called as private returns. The sum of all private re

what is the influence of an increase of migrants on the market supply labour

Allocative efficiency criteria are satisfied by the competitive model.  Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec

Determine the Profit-Maximizing Price If a firm targets a 25 % rate of return on sales, and has unit costs of production of $100, what price should it charge if it uses cost-p

How might an accurate value for the multiplier aid a government in setting fiscal policy? Any given multiplier will enhance national income at a given rate times enhance in gov

Determinants of quantity supplied of a good The quantity of supplied of a product is influenced by factors such as the market price of the commodity, prices of inputs, techno

You are a commuter student at a local university. Because of the steep rise in gasoline prices, your parents decide to give you enough additional weekly cash so that you can affor

Q. Role of Monetary Policy? Monetary Policy: Monetary policy reflects the use by government and government agencies (mainly the central bank) of interest rate adjustments and o

Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili