CH 15 Productivity and the Division of Labour Flashcards
What is productivity?
The rate at which goods are produced in relation to the work, time and money needed to produce them
How could land affect productivity?
An imporvement in the quality of land can lead to an increase in output
How could labour affect productivity?
-Better trained labour can increase productivity over time
How could capital affect productivity?
-Technological advancements can improve machinery and productivity
What is the division of labour?
When a task is broken into several smaller component tasks
What are the advantages of Division of labour for the worker?
-Workers get more skilled
-Workers are more likely to be hired due to their skills, and they also get higher payment
What are the disadvantages of division of labour for the worker?
-Work becomes boring and repedetive for the workers
-This boredom can lead to unmotivated workers
What are the advantages of division of labour for businesses?
-More efficiency due to more skilled workers
-More use of specialised tools
What are the disadvantages of division of labour for businesses?
-Bored workers would lead to lower productivity
-If one stage breaks down, all other stages stop
-Flexibility is lost