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Explain disadvantages of Division of Labour.
(i) Division of labour provide rise to loss of craftsmanship, all workers become Machine -minders and nothing else.
(ii) Along with the passage of time, similar job becomes dull and monotonous.
(iii) Workers do not stay all-rounders and one can't work in place of other when he is absent.
What is economic value?
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Firms do not compete only against global competitors, but against- Their suppliers. Themselves. The customers of their competitors. Their competitors supply chains.
Does anyone have any insight into Discussion Question, This was not discussed in class.
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