ECONOMICS
DIVISION OF LABOR AND SPECIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Raising living standards
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Resources are saved
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Raising labor productivity
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Greater risk of unemployment
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Detailed explanation-1: -Fear of Unemployment: The danger of unemployment is another dis-advantage of Division of Labour.
Detailed explanation-2: -Some advantages of the division of labor include increased worker efficiency and lower production costs, while some disadvantages include decreases in employee motivation and individual workers slowing the production process.
Detailed explanation-3: -The worker eventually specializes in the product and produces that specific component efficiently. This is also a disadvantage because the worker does not have a sense of job satisfaction which would also reduce productivity.
Detailed explanation-4: -Efficiency. When workers are focused on one task, they can master it and improve their production times. Collaboration. Quick training. Worker allocation. 25-Mar-2022
Detailed explanation-5: -Increase in Productivity: The Right Man in the Right Place: Dexterity and Skill: Inventions are facilitated: Saving in Time: Economy in the Use of Tools: Use of Machinery Encouraged: Cheaper Goods: More items