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
Situation is where a luxury is there. There is the snob appeal possibility where the higher the price, the more desired the commodity it.  Often people will drive expensive cars, e

Trends in the Growth of Production and  Productivity: From an analysis of the trends of growth of production and productivity of agricultural sector as a whole and of differen

I have 3 questions regarding the economics of potlatch, 1.) What is the economic purpose of potlatch? I don''t fully understand this question... I believe potlatch is a gift econ

demand for two market are P1=15-Q1&P2=25-Q2.the monopoly TC is C=5+3(Q1+Q2).What are ,output,profit&MR if the monopolist can price disc? riminate

determinants of demand and determinants of supply

Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera

Illustrates the stages of the production of an economic conclusion? The production of an economic conclusion generally goes into three stages as follows: Stage 1: It is no

AskPharmaceutical companies can expect to earn large profits from blockbuster drugs (for high blood pressure, depression, ulcers, allergies, sexual dysfunction) while under patent

What is utility maximization according to consumer behavior? Consumer Behavior: Utility Maximization A foundational hypothesis onto individual behavior within modern econ

Suppose the demand curve for a consumer for coffee is: Q = 6 - 2P, where Q represents the number of cups per day and P is the price of coffee per cup.  1.  Suppose the con