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Give Two Reasons as to Why the Division of Labour is an Advantage to the Producer? - Economics

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Question

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

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Solution

The division of labour is an advantage to the producer because it increases the efficiency of labour. This leads to an increase in the quantity of output and also an improvement in the quality of the produced goods and services.

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2017-2018 (March) Set 1
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