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Explain three ways by which division of labour is beneficial to producers. - Economic Applications

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Question

Explain three ways by which division of labour is beneficial to producers.

Long Answer

Solution

  1. Increased Efficiency and Productivity: Workers can specialise in specific tasks by dividing labour. This specialisation allows them to become more skilled and proficient in their assigned duties, leading to faster production and higher output. When tasks are divided among workers, they can perform repetitive actions, reducing the time to switch between different tasks and improving overall productivity.

  2. Improved Quality of Products: Specialisation resulting from the division of labour means that workers can focus on perfecting their skills in a specific area. This leads to a higher quality of workmanship and more consistent production standards. As each worker becomes an expert in their task, the overall quality of the product improves, benefiting the producer by enhancing customer satisfaction and reducing the need for rework or repairs.

  3. Cost Savings: The division of labour allows producers to use their resources more efficiently. Since specialised workers can complete tasks faster and with greater expertise, fewer mistakes are made, and production costs are reduced. Additionally, extensive training is minimised as workers only need to learn specific skills. This results in lower labour costs and higher profits for producers.

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Chapter 4: Factors of Production - QUESTIONS [Page 117]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 9. b | Page 117
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