Production And Division Of Labour Flashcards
1
Q
Job rotation
A
Practice of regularly changing person who does a particular job
2
Q
Piece rate
A
Amount of money paid for each time a worker produces, rather than for the time taken to make it
3
Q
Productivity of labor formula
A
Productivity of labor = Total output / Work force
4
Q
Division of labor
A
The breaking down of the production process into small parts with each worker allocated to a specific task
5
Q
Specialization
A
production of a limited range of goods by individuals, firms, regions or countries
