FACTORS INFLUENCING DIVISION OF LABOUR MARKET SIZE-If the market is large enough to absorb all produced goods and services, the division of labour will be big and opposite. FIRM SIZE-If the firm is small the number of workers in various processes will be few and division of labour as well will be limited and vice … Read more
ADVANTAGES OF DIVISION OF LABOUR/SPECIALIZATION 1) INCREASE EFFICIENCY-A person who performs the same job everyday becomes more efficient in his operations. 2) TIME SAVING-No time is wasted by moving from one task to another. 3) MECHANIZED PRODUCTION-Makes it possible the greater use of machinery. Complex process can be broken down into simple operations each conducted … Read more
UNDERSTAND DIVISON OF LABOR IN LABOR MARKET Division of labour involves dividing a job into smaller jobs each of which will be performed by different person/persons. Each individual or each group of individuals performs a small part necessary to complete total job. Division of labor can be seen when different people opt different occupations e.g. … Read more