Advertisements
Advertisements
Question
Give any five differences between product and process-based division of labour.
Solution
| Product-based division of labour | Process-based division of labour |
| When a worker does the entire process of production of a single good or service himself or collectively by the members of the family. | When the process of producing a good is divided into different operations and each worker does one or a few operations. |
| When a person specialises in the production of a particular good or service. | When a person specialises in a particular process of the production of a good or service. |
| It is also known as a simple division of labour. | It is also known as a complex division of labour. |
| It is found in small businesses. | It is found in large enterprises. |
| It is based on the labour-intensive technique of production. | It is based on a capital-intensive technique of production. |
APPEARS IN
RELATED QUESTIONS
Give reason or explain the following.
Labour cannot be stored.
______ cannot be stored.
When the same work is done by two or more persons it is called ______.
Labour is a/an ______ factor of production.
______ of labour is advantages to workers as it increases their efficiency, mobility and saves their time and tools.
Labourers get ______ for the task they perform, whereas entrepreneurs hope to get ______ for the risk they take in a business.
With respect to division of labour, state the following:
Two advantages to the producers.
With respect to division of labour, state the following:
Two disadvantages to the workers.
Differentiate between an entrepreneur and labourer on the basis of the nature of work.
Which of the following is not considered labour in economics?
