Division of labour, Microeconomics

Division of labour:

Division of labour involves dividing a production process into a number of smaller tasks for each task to be undertaken by a different worker. It may also be referred to as specialization because each worker specializes in doing only one task thereby producing a part of the product as against producing the whole product. Division of labour may be applied in all aspects of production including agriculture, manufacturing, etc.

Posted Date: 1/2/2013 7:35:50 AM | Location : United States







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

Write discussion on Division of labour
Your posts are moderated
Related Questions
Problems of population census: High Cost of Census: Censuses are supposed to be conducted at a 10 year interval. The high cost of conducting census has made it impossibl

different btn elesticity of demand and inelasticity of demand

how a firm will choose its optimal inputs, isocosts and isoquants explanation


Environmental economics goes back to the 19th century. Economists who research the planet are mainly worried with the idea of externalities, rare organic sources, and with the pro

what is the differences between utility theory, indifference theory and revealed preference theory

all information about demand analysis

COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl

what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?

The role of trade union to improve the lot of the workers is also important when there prevails the conditions of Monopsonisitc discrimination is said to prevail when the monopsoni