Advantages (merits) of specialization and division of labour
- It increases the efficiency of labour. This is as a result of performing the same task over time.
- It is time saving. This is because there is no need of moving from one job to another.
- It helps to improve on the quality of the product. Workers become perfect in carrying out particular tasks.
- It helps to speed up the training process. This is because a worker is trained to carry out a particular task in the production process.
- It enables workers to exploit their natural talents by concentrating on particular tasks which they can do better:
- International specialization promotes international trade. This is because different countries utilize their resources to produce a commodity in which they can do best and exchange it with other countries.
- It increases the level of output. This is because specialization increases the scale of production and reduces the production costs as a result of economies of scale.
- Specialization increases economic interdependence between countries. This is because different countries can be able to get what they do not have from other countries through the process of exchange.
- Specialization promotes technological development through innovations and inventions as a result of continuous use of machines. This leads to efficiency in production.
CATEGORIES Economics
TAGS Dr. Bbosa Science
