Labour Exercises :- I. Fill in the blanks :- 1. Plato's views on division of labour are found in book 2. Karl Mark classified division of labour into 3. Division of labour creates 4. Discrimination in wages is the least in 5. Work done by women at home is 6. The compensation which labour gets based on hours, days or months for semi-skilled or skilled work is called 7. Commercial bank is an example for 8. Daily wages is a feature of 9. Having deep knowledge and in-depth skill in one particular field is called
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Plato in The Republic emphasizes the necessity of specialization by virtue of the human nature and illustrates the importance of the division of labour that plays a leading role in the emergence of cities. ... He believes that they should be chosen from the most appropriate men to protect the city (Plato 374e ( 1) number is this
2 ..In this analysis of the topic in the first chapter of 'Capital', Volume 1, Marx pin-points two types of division of labour, namely, social division of labour and division of labour in manufacture.
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. It is most often applied to systems of mass production and is one of the basic organizing principles of the assembly line.
4.i don't know this answer bro sry
5. House work and home production
"Women's work" may also refer to roles related to housekeeping, such as cooking, sewing, ironing, and cleaning. It may also refer to professions that include these functions, such as maid and cook
6. Don't know bro
7.A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit
8.The paper presents an analysis of the coexistence of daily-wage and piece-rate contracts in agrarian economies. We show that, when individual effort is taken into account, daily-wage labourers typically form a convex set in the space of working ability. The most able and the least able labourers work on piece rates, as they can thus choose their own level of effort. We also prove that, on a monopsonistic labour market, the use of both contracts in equilibrium results from the profitability of market segmentation. Imperfect substitutability between workers under different contracts and the downward rigidity of daily wages can also explain the coexistence of the two types of contracts in more general settings, e.g., perfect competition.
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