An entrepreneur is encouraged to adopt division of labour in production because it
ECONOMICS
WAEC 2016
An entrepreneur is encouraged to adopt division of labour in production because it
- A. provide more employment opportunities
- B. leads to increased output and lower cost of production
- C. brings about equal cost and employment opportunities
- D. leads to increased cost of production and lower output
Correct Answer: B. leads to increased output and lower cost of production
Explanation
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
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