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!
Disadvantages of division of labour:
Division of labour may also have disadvantages that may include the following:(i) Lack of CraftsmanshipDivision of labour does not make workers craftsmen. They are trained to be producers of only parts of products rather than producers of whole products. That is, each worker cannot claim the knowledge of all the processes used to produce a product.
(ii) Monotony of WorkPerforming the same task all the time and, over and over again may create boredom of the part of workers. It may also be unchallenging and in turn kill workers’ initiatives.
(iii) Over-dependence among WorkersIn division of labour, there is total dependence of a worker on other workers. The task performed by each worker is key to the production process to the extent that the absence from work of a worker may halt production.(iv) Redundancy of WorkersIn division of labour, a worker may be rendered redundant whenever his/her skill is no longer needed. Because he/she is a specialist in the performance of on task, transferring him/her to perform another task becomes a problem.
(v) Dumping of Mass Produced GoodsDivision of labour has led to mass production of certain goods and brought about dumping of such goods in other countries to kill domestic production in countries where the goods have been dumped.
what are the microeconomic encompasses
is economics a positive science
Strong Domestic Economy: We have to realise that healthy export sector can be built up only on a strong and efficient domestic economic structure. A sound domestic economy is
The prevention of major swings in economic activity can be handled most easily by the
Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
Definition and graph of centralized cartel
Institutionalist Economics: A school of heterodox economicsthat emphasizes importance of institutional development and evolution (as opposed to ‘pure' market forces) in explaining
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