Advantages of division of labour, Microeconomics

Assignment Help:

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.


Related Discussions:- Advantages of division of labour

Assignment help, I need to find recent disney cruise stories and what micro...

I need to find recent disney cruise stories and what microeconomic theory it is and what they should do. for example renovating a ship why did they and what theory would that be?

Production, define and explain theory of production?

define and explain theory of production?

2nd year chapter 3, why s-block elements are powerful reducing agent?

why s-block elements are powerful reducing agent?

International trade, International trade: International trade refers t...

International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou

supply, #question influence of an increase in migrant on market supply lab...

#question influence of an increase in migrant on market supply labour

What is meant by the circular flow of income, Problem 1: a. Briefly exp...

Problem 1: a. Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. b. According to you, which type of economic system is most desira

What do you meant by the term economic efficiency, Problem: i) What do ...

Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different

Present value .., what is the value in 10 years of 1 million dollars if int...

what is the value in 10 years of 1 million dollars if interes rates are 4%?

Production, explain 6 factors that determine volume of production

explain 6 factors that determine volume of production

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd