Economy, asked by sharshthakur7, 2 months ago

explain the various types of production and explain their advantages and disadvantages.​

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Answered by shaili0007
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This type of production needs less money and easy to start.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.(d) It is the only method which can meet the individual requirements.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.(d) It is the only method which can meet the individual requirements.Disadvantages –

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.(d) It is the only method which can meet the individual requirements.Disadvantages –(a) Since the purchase of raw materials is less, cost of raw. materials per unit will be slightly more.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.(d) It is the only method which can meet the individual requirements.Disadvantages –(a) Since the purchase of raw materials is less, cost of raw. materials per unit will be slightly more.(b) Only skilled and intelligent workers are required for handling different types of jobs, thus labour cost increases.

This type of production needs less money and easy to start.(b) Because of flexibility, there .is no chance of failure of factory due to the reduction of demand in particular field.(c) There is no managerial problem, because of very less number of workers and small size of concern.(d) It is the only method which can meet the individual requirements.Disadvantages –(a) Since the purchase of raw materials is less, cost of raw. materials per unit will be slightly more.(b) Only skilled and intelligent workers are required for handling different types of jobs, thus labour cost increases.(ii) Continuous Production –

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