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The Organisation and Scale of Production

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Economics Revision Guide

Abstract

The division of labour increases production because: Each man is employed in the job in which his superiority is most marked. Learning is facilitated. Economy of tools permits specialised machinery. Time is saved through not having to switch operations. Costs and output can be estimated more accurately.

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© 1994 Jack Harvey

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Harvey, J. (1994). The Organisation and Scale of Production. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_7

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