Question

With respect to division of labour state the following: Two advantages to the producer.

Answer 1

Two advantages to the producer:
(a) Increase in production: With the specialization (division of labour) the workers become more skilled and efficient. They acquire higher speed in work output, which ultimately results in more production quantitatively as well as qualitatively.
(b) Reduction in cost of production: The specialized worker with the help of machines produces more quantity of goods in less time with minimum wastage.