Economics WAEC

An entrepreneur is encouraged to adopt the division of labour in production because of it?

A. provide more employment opportunities
B. leads to increased output and lower cost of production
C. brings about equal cost and employment opportunities
D. leads to the increased cost of production and lower output

Correct Answer: Option B

B. leads to increased output and lower cost of production

Explanation

Division of labor is immensely important in our economic system because it allows for work to be done much more quickly and efficiently than it would be without the division of labor. Division of labor is when tasks are split up into specialized separate tasks. it brings about increased output and while minimizing cost

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