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State four ways in which the division of labour will influence production in an economy. - Economic Applications

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Question

State four ways in which the division of labour will influence production in an economy.

Answer in Brief
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Solution

  1. Each one gets work according to his ability.
  2. Division of labour increases the efficiency of labour.
  3. Division of labour leads to large scale production.
  4. It encourages the use of specialised machinery.
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Chapter 1: Factors of Production - QUESTION BANK [Page 36]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
QUESTION BANK | Q 39. (ii) | Page 36
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 10. b | Page 117
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTION BANK | Q 38. b | Page 121
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