labour increases

What Are The Advantage Of Division Of Labour?

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What Are The Advantage Of Division Of Labour? The division of labor encourages efficiency because each person works on one small task, is able to master it, and doesn’t have to constantly switch between tasks; but it also incentivizes each worker to make their particular job faster and easier. What are the advantages of division

What Are The Key Assumptions Of The Lewis Model?

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What Are The Key Assumptions Of The Lewis Model? The basic assumption of the model is that there exists surplus labour What did Lewis assumption with wages in urban industrial sector? Lewis has assumed and made the point that capitalists will have to pay a margin of about 30% above average subsistence pay, because the