Choose any business in United States and suggest how division of labour may be used to its advantage and problems it may bring

Q: Identity 6 characteristics of mixed economy and write extensively on them

A: Mixed Economy A mixed economy is a system in which the government and the private sector work…

Q: What is the difference between  resource labor and resource entrepreneurship?

A: Labor could be a factor of production and is required to induce many tasks done not just those we…

Q: 10. Mobility of labour A. O Increases efficiency of labour B. O Spoils labour C. O Increases…

A: To find : Mobility of labor

Q: Question 22 After joining the union, at what price could it now import the product?

A: supply and demand, in financial aspects, is the connection between the amount of a product that…

Q: a) Sectors of the economy b) The sector(s) or industries your assigned country specialises in c) The…

A: Austria is a developed country and includes the food and luxury industry, mechanical industry, steel…

Q: 1. Explain Adam Smith's perspective about the division of labor.

A: Adam Smith is a father of Economics he describe division of labor in his famous work An inquiry into…

Q: Migration is supposedly happen from low to high income country. In time the wage difference between…

A: Human migration is defined as the movement of the people from one country to another to settle,…

Q: Explain the effects of migration of labour between two nations. Use the figure below and the…

A: In the given diagram, the MPL Country M shows the marginal product of labour for country M and MPL…

Q: How does Technology affect the Demand for Labor?

A: Demand is the quantity of goods and services that people are willing and able to buy at particular…

Q: Bob cannot find a job because he does not have the required skills.

A: Lack of required skill will leads to jobless.

Q: What are the advantages and disadvantages of division of labour?

A:

Q: Efficiency of labour depends upon: (a) Skill (b) Physical strength (c) Training (d) All of the above

A: # in an economy the role of efficiency be it in the case of resources or labour is very important.…

Q: What are 4 differences and 2 similarities between a mixed and command economic system

A: There are mainly three types of economic systems in the economy which are as follows: 1) Free-market…

Q: Explain the Economic Function of the Entrepreneur

A: Economics studies how resources are allocated in a manner that most of the human wants are met. A…

Q: Are labor unions and technological improvements complementary?

A: Labour unions are created to protect workers' rights to prevent them from being exploited by the…

Q: What factors caused American business to develop into a mixed economic system rather than some other…

A: The American economy, like most first-world economies, follows a mixed economic system. Under a…

Q: Explain in detail how a trade union affects the economy of a country.

A: Trade unions are associations of employees that strive to defend and increase their members' real…

Q: How would it be difficult to be a barber with a world without money

A: Barter System: The exchange of goods and services against the other goods and services is called a…

Q: What are the disadvantages of division of labor?

A: Labor division depicts the process where production break up into smaller process and each process…

Q: labor market

A: Price ceiling depicts the fixing of wages or prices below the equilibrium level to help or support…

Q: What may be wrong with over-specialization for workers in factories? A. Work culture may worsen B.…

A: When product is made, cost  takes place and process of business follow ups. Business can be of…

Q: How does division of labor improve standard of living?

A: ‘standard of living’ is the quality of life that a person is living. it depends on many factors,…

Q: Given: Y = 20(L.5K.4N.1) L is labor K is capital N is land L = 100 K = 100 N = 100.  What is…

A: Below is the given values: Y = 20(L.5K.4N.1) L = 100 K = 100 N = 100.

Q: What is Labour

A: Labor is one of the four factor of production along with capital, land and entrepreneurship.  Labor…

Q: Looking at the chart above Describe how technology is projected to affected the demand and supply of…

A: Technology – As more and more innovation and new ways to produce the goods leads to a reduction in…

Q: Which of the following is correct with regard to job specialization? a. Its application is limited…

A: When employees gain experience, knowledge, and education in a specific area of expertise, it is…

Q: What do you know about the Constraints to the Development of Cooperatives in Indonesia

A: With a population of 252 million people, Country I is Southeast Asia's largest economy and the…

Q: Differentiate the following: Entrepreneurship vs. Employee

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: sector? Union membership steadily increased from 1900 to 2000. Military troops were used to prevent…

A: The number of union workers employed in the private sector has mainly been steady over the past…

Q: Which of the following will NOT shift the market supply of labour curve? (a) A change in the wages…

A: Law of supply and demand states that wage has a positive relationship on labor supply whereas it has…

Q: What Is Sustainability and Diversity Objectives?

A: The aim of sustainable development is to balance our economic, environmental and social needs,…

Q: oun

A: A communist state which is also being known as a Marxist–Leninist state, is a one party state being…

Q: Define the term High degree of division of labor and specialization?

A: Adam Smith, David Ricardo and Malthus were the main classical economists. Adam Smith gave the…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: Characteristics of labour

A: A person or a group of people who perform physical work for reward for example loading/ unloading of…

Q: rk

A: Division of labour is the separation of a work process into a number of tasks, with each of the task…

Q: Who are your manpower

A: It is advisable to retain a large number of staff in surplus in software service-oriented…

Q: Why did Europeans use enslaved Africans for labor in the Americas?

A: Macroeconomics is a sub-part of economics that is used to understand, the policies and fiscal…

Q: a brief analysis of labour condition in India?

A: In India, labour refers to employment in the country's economy. India had over 501 million workers…

Q: What type of education did the Mexican schools emphasize? Choose the be physical/manual labor for…

A: Education is the weapon to cater to the obstacle of any economy.

Q: What is division of labour? Discuss some of the types of division of labour?

A: In any economic system or organization, the division of labor is the separation of tasks so that…

Q: what do you know about the current needs of the Indonesian people for cooperatives

A: With a population of 252 million people, Country I is Southeast Asia's largest economy and the…

Q: Distinguished labor standard from labor relations.

A: The term "labour standards" refers to the rules that govern how employees are handled.  The word…

Q: Insights and Reflection about labor migration

A: Labourer: The term labourer refers to the person who offers the labour against the remuneration and…

Q: What are the best decision-making strategies for a firm that relocates in an underdeveloped country?

A: An economy that is undeveloped is one that is characterized by. Low per capita GDP.Maybe less than…

Q: What kind of division of Labour do we see in the automobile industry?

A: ‘Division of Labour’ is the main process of production splitting up into many simple parts.…

Q: What is division of labour

A: Labor is an important factor used by the business companies along with other factors like capital…