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JAMB Economics 1983 Question 24

Question 24

Theory of Production

Division of labour has many advantages. Notwithstanding, it is greatly limited by

  1. A.monotony of work
  2. B.decline of craftmanship
  3. C.risk of unemployment
  4. D.extent of market demand
  5. E.boredom.
Show the answer and explanation

Answer: D (extent of market demand)

Explanation

Specialisation pays only if the large output can be sold, so the size of the market limits division of labour; the others are disadvantages, not limits.