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Mention two ways by which producers benefit from the division of labour. - Economics

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Questions

Mention two ways by which producers benefit from the division of labour.

Give two reasons as to why the division of labour is an advantage to the producer.

Answer in Brief

Solution 1

Benefits of producers from the division of labour:

  • Division of labour increases the efficiency of labour. The worker becomes more specialised if he/she is entrusted with only a part of the work in the production process.
  • When the efficiency of labour increases, it increases the quantity and quality of production. Hence, the producer gets an opportunity to raise his/her income, thus improving the standard of living.
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Solution 2

  1. Encourages production on a large scale.
  2. Beneficial in making goods of superior quality.
  3. Reduces the cost of production.
  4. Greater possibilities for inventions.
  5. Saving time and tools.
  6. Benefits of large-scale production.
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Notes

Students should refer to the answer according to their questions.

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Chapter 1: Factors of Production - Exercise [Page 30]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 25. | Page 30
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