Division of Labour
- Created by: I used to be smart
- Created on: 08-03-13 20:26
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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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