Division of Labour

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The division of labour is a term given to individuals who specialise on production. Workers concentrate on a few tasks and exhange their production for other goods and services.

ADVANTAGES OF DoL:

To the firm

  • Specialist workers become quicker at producing goods
  • Production becomes cheaper per good (economies of scale)
  • Production levels are increased
  • Workers can concentrate on what they're good at (cheaper to…

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