Division of labour has many advantages . Not withstanding, it is greatly limited by?
monotony of work
decline of craftmanship
risk of unemployment
extent of market demand
boredom
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The answer here is wrong please. It's monotony of work. That is the greatest disadvantage if research is done on it. Myschool should do something about this because this definitely isn't the answer
Adam Smith famously said in The Wealth of Nations that the division of labour is limited by the extent of the market. This is because it is by the exchange that each person can be specialised in their work and yet still have access to a wide range of goods and services.
Please you guys should beware of this
The answer is "D" i
don't quote what I don't know
This question is even a repeated question
The selected answer is also a repeated answer of another question
In addition when talking about division of labour disadvantages we talk about
Unemployment because division of labour in a way causes unemployment
But in terms of limitations we talk about extent of market demand.
D. Division of labour has many advantages, but it is greatly limited by the extent of market demand.
The division of labour is a process in which a complex task is broken down into smaller tasks, each performed by a different worker or group of workers. This process has many advantages, such as increased efficiency, higher productivity, and lower costs. However, the division of labour is limited by the extent of market demand for the products or services being produced. If there is insufficient demand for the products or services being produced, then the benefits of the division of labour may be limited or lost.
Limitation is totally different from Disadvantage
Hence option
D is the answer
