Which of the following is a disadvantage of large scale production?
Market economies
Managerial economies
Personal organization
Division of labour
Correct answer is C
No explanation has been provided for this answer.
Several firms producing different commodities
Group of firms producing similar commodities
Different firms producing equal number of commodities
Many firms producing for exports
Correct answer is B
No explanation has been provided for this answer.
The main objective of specialization is to
Allocate resources
Limit worker's skills
Increase the use of labour
Increase productivity
Correct answer is D
No explanation has been provided for this answer.
Agriculture plays a dominant role in our country because
It is the main source of energy
It employs more than 50% of the total labour force
It supplies all the industrial inputs
There are large plantations of cocoa, groundnut and palm oil
Correct answer is B
No explanation has been provided for this answer.
The employer's demand curve for labour is represented by the
Marginal product curve of labour
Total product curve of labour
Average product curve of labour
Total cost curve of labour
Correct answer is A
No explanation has been provided for this answer.