Division of labour

                  Division of labour / specialization

  This refers to the use of different groups of labour for different stages of production or for different parts of product. when production activities are performed by such groups of labour , the workers acquire or skills related to a particular function. it is called specialization . division of labour is applied to large scale production.

 The advantages of division labour 

- Acceleration of the production process
- efficient  management of each section
- Large scale production is mode possible
- Minimization of cost
- enhancement of the quality of products
- saving time
- the ability to supply to the market on time
- special skills acquired by the workers

  Disadvantages of division of labour

- Boredom of employment due to monotony of work arising from being engaged in the same work over a long period of time
- Exposure to mental and physical illness
- Weakening of one section effects the whole process of production
- the drop in quality in one section affects the entire  production process
- Difficulty of finding alternative employment for the worker.

                                    SPECIALIZATION

Specialization occurs when a person is engaged in an activity in which he is most efficient. one person may be able to perform a task more efficiently than another , due to education, training, division of labour , and experience. Specialization may be categorized as personal Specialization , institutional specialization , regional specialization ,national specialization and international specialization.

 

                                     Diversification

Diversification means that an institute introduces a variety to the market instead of depending on one product. This could be in the form of different kinds of goods or the same kind of goods.

Eg : Maliban , Nawaloka , Upali , John keels , Aitken Spence and Halyleys.