Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Rewards of labour as a factor of production are;SalariesWagesLegal feesCommission
Advantages of division of labour and specialization in the production process individual skills are developed in a particular areaoutput per worker is greatly increasedproduction of standardized goods /uniformitymaximize use of machinery in production which makes production fast and efficientdevelopment of new talentssaves time- since there is less time spent money from one activity to anotherless use of mental and physical efforts as workers become used to routine job they expand less mental and physical effortsproduction of high quality goodsreduces training timefacilitates planning and management.
Main factors of production include;LandLabourEntrepreneurshipCapital
Factors for the growth of Nairobi include; Cool temperaturesPlenty of waterTrading activitiesColonial headquartersSuitable landscapeRich HinterlandConstruction of the Uganda -Railway