ICSE Class X Economics 2018 Solved Papers

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Question : 21
Total: 35
SECTION - II

Give any five differences between product and process based division of labour.
Solution:  
 Product-based division of labour  Process-based division of labour
 1. A worker does the entire process of produc-tion of a single good or service himself or collectively.  One process of production of a good is divided into different operations and each worker does one or few operations.
 2. A person specialises in one production of a particular good or service.  A person specialises ina particular process of the production of a good or service.
 3. It is known as a simple division of labour.  It is known as a complex division of labour.
 4. It is found in small businesses.  It is found in large interprises.
 5. It is based on the labour-intensive technique of production.  It is based on a capital intensive technique of production.
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