ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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assembly line production
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entrepreneurship
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a home craft business
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classroom education
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Detailed explanation-1: -Division of labor increases efficiency because it allows workers to master many aspects of their jobs. Economic interdependence limits a nation"s growth and usually reduces the efficiency of production.
Detailed explanation-2: -Labor division is separation of the whole work into tasks, which in other words are called specialization. After labor division, the tasks are simplified. In such case, one person should not have all special skills for the performance of the whole work, but only those, necessary for certain operation.
Detailed explanation-3: -division of labour, the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons.
Detailed explanation-4: -1] Perishable in Nature. Browse more Topics under Theory Of Production And Cost. 2] Labour is Inseparable from the Labourer. 3] Human Effort. 4] Labour is Heterogeneous. 5] Labour has Poor Bargaining Power. 6] Not Easily Mobile. 7] Supply of Labour is relatively Inelastic.