Theory of Production – Division of Labour

Economics SSS1 First Term

WEEK 8

Theory of Production – Division of Labour

Performance Objectives

Student should be able to:

  1. Explain the meaning of division of labour.
  2. State the difference between specialization and division of labour.
  3. Identify the advantages and disadvantages and limitation of division of labour.

Content

Meaning of division of labour

Division of Labor: may be defined as the breaking down of the production process into several separate operations, whereby each operation is undertaken or performed by one person or a group of persons. It is the joint effort of all groups of workers that enables the completion of the production process.

Specialization: This refers to the performance of a single job or economic activity in which an individual, firm, or a country has a comparative advantage.... View More

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