What are the advantages of Division of Labour?
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Explanation:
Major Advantages of Division of Labour
Increase in Productivity: The greatest advantage of division of labour is that it increases immensely the productivity per worker. ...
The Right Man in the Right Place: ADVERTISEMENTS: ...
Dexterity and Skill: ...
Inventions are facilitated: ...
Saving in Time: ...
Economy in the Use of Tools: ...
Use of Machinery Encouraged: ...
Cheaper Goods:
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What are the advantages of Division of Labour?
Advantages from specialisation (division) of labour:
Higher productivity and efficiency – e.g. rising output per person hour. Lower unit costs leading to higher profits. Encourages investment in specific capital – economies of scale.
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