Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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.
Which of the following is evidence of market power? a. Output is fixed despite cost changes b. Optimal Output is less than industry output c. Output changes as cost changes
Health and Life Expectancy: In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill healt
Need help with Free responds
Current Daily Status(CDS): The reference periods (i.e. a year, a week and a day) are basically used to describe the period for which the workers are employed in the economy. T
An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
International economic relations also depend, in large calculate, on monetary =issues. You are unlikely to accept the Turkish Lire in payment for your wages in this country, easil
What are the uses of elasticity’s to the public sector and private sector?
Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model
Are markets the best way of solving the basic economic problem? Justify your answer. The core of the economic problem ( who, what, for whom) is something all societies must add
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd