WAEC - Economics (2016 - No. 16)
An entrepreneur is encouraged to adopt division of labour in production because it
provide more employment opportuinities
leads to increased output and lower cost of production
brings about equal cost and employment opportuinities
leads to increased cost of production and lower output
Explicación
Division of labor is immensely important in our economic system because it allows for work to be done much more quickly and efficiently than it would be without the division of labor. Division of labor is when tasks are split up into specialized separate tasks. it brings about increased output and while minimizing cost