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 |
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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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