Tag Archives | Division of Labour

Division of Labour: Meaning, Types and Advantages| Economics

In this article we will discuss about the definition of division of labour. Also learn about its drawbacks and disadvantages. The modern age is the age of large-scale industries and businesses. Though the bigger is not always the better and bigger does not always become the biggest, trend towards the bigger ā€” the larger ā€” is much too pronounced. As [...]

By |2017-01-13T05:58:23+05:30January 13, 2017|Labour|Comments Off on Division of Labour: Meaning, Types and Advantages| Economics

Define Division of Labour | Economics

Division of labour refers to the splitting of tasks or jobs among the individuals that constitute a firm, a household, or even an entire economy. The classic example of the division of labour is Adam Smith's description of the pin factory, a very productive enterprise in which tasks were divided among workers. Some workers only drew the wire, others only [...]

By |2017-01-13T05:58:23+05:30January 13, 2017|Division of Labour|Comments Off on Define Division of Labour | Economics
Go to Top