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
when total production fall what,s the status of average product and marginal product

Total cost curve (TC) is obtained by adding up vertically total fixed cost and total variable cost curves because the total cost is sum of total fixed cost and total variable cost

Explain the link between the rate of interest and inflation. Interest can be explained as the price of money - more expensive money will lead to few loans, higher saving and as

graphical illustration describing the influence of an increase in immigrants on the market supply of labour

Q=10-2P,PRICE DECREASE FROM RS 3 TO 2

Ask qExplain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the com

The income elasticity of demand calculates the responsiveness of the quantity demanded of a commodity to changes in consumers' incomes.  This is typically calculated by replacing t

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Q. Explain Nominal GDP? Nominal GDP: Nominal gross domestic product measures total value of all the services and goods produced and traded for money in the formal economy, eval

Energies of the diametric molecules of a gas, chemistry assignments The analysis basis for treating these different types of motion can be seen by describing the motion of a di