{"id":1828,"date":"2023-10-02T06:35:49","date_gmt":"2023-10-02T06:35:49","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=1828"},"modified":"2023-10-02T06:38:56","modified_gmt":"2023-10-02T06:38:56","slug":"week-4-ss1-first-term-commerce-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-4-ss1-first-term-commerce-notes\/","title":{"rendered":"Week 4 &#8211; SS1 First Term Commerce Notes"},"content":{"rendered":"<p><strong>WEEK FOUR<br \/>\n<\/strong><strong>TOPIC:  DIVISION OF LABOUR, SPECIALIZATION AND EXCHANGE<br \/>\n<\/strong><strong>CONTENT<br \/>\n<\/strong><\/p>\n<ul>\n<li>\n<div>Definition of terms\n<\/div>\n<\/li>\n<li>\n<div>Advantages and disadvantages of Division of Labour\/ Specialization\n<\/div>\n<\/li>\n<li>\n<div>Limitation of Division of Labour\n<\/div>\n<\/li>\n<\/ul>\n<p>\u00a0Division of Labour is the breaking down of production processes into different stages so that each stage is undertaken or handled by an individual. For example, division of labour occurs in a textile factory where separate processes like spinning, weaving and dyeing are undertaken by separate workers in each case. <\/p>\n<p>\u00a0Specialization is the process whereby an individual, a firm or a country concentrates or limits its productive efforts on particular areas of production in which it has the greatest advantage over others. <\/p>\n<p>\u00a0The principal aim of both division of Labour and specialization is to increase output at a lower cost of production. <\/p>\n<p>\u00a0<strong>ADVANTAGES OF DIVISION OF LABOUR\/ SPECIALIZATION<br \/>\n<\/strong>(1)\u00a0\u00a0\u00a0\u00a0Greater skill and dexterity of workers<br \/>\n(2) \u00a0\u00a0\u00a0\u00a0Increased total output<br \/>\n(3)\u00a0\u00a0\u00a0\u00a0It saves time.<br \/>\n(4)\u00a0\u00a0\u00a0\u00a0Less fatigue<br \/>\n(5) \u00a0\u00a0\u00a0\u00a0It makes possible the use of machines.<br \/>\n(6)\u00a0\u00a0\u00a0\u00a0Reduction in the cost of production i.e. per unit cost<br \/>\n(7) \u00a0\u00a0\u00a0\u00a0It enhances the development of technology. <\/p>\n<p>\u00a0<strong>EVALUATION<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Divine the term Division of Labour<br \/>\n2.\u00a0\u00a0\u00a0\u00a0State five advantages of Division of Labour.<strong><br \/>\n\t\t\t<\/strong><br \/>\n\u00a0<strong>DISADVANTAGES OF DIVISION OF LABOUR\/SPECIALIZATION<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0It makes work monotonous .<br \/>\n2.\u00a0\u00a0\u00a0\u00a0The use of machines reduces employment opportunities .<br \/>\n3.\u00a0\u00a0\u00a0\u00a0It brings about labour immobility .<br \/>\n4.\u00a0\u00a0\u00a0\u00a0Decline of craftsmanship .<br \/>\n5.\u00a0\u00a0\u00a0\u00a0Danger of increased inter-dependence among individuals, industries or countries.<\/p>\n<p>\u00a0<strong>LIMITATIONS OF DIVISION OF LABOUR<br \/>\n<\/strong>1)\u00a0\u00a0\u00a0\u00a0The size or extent of the market i.e. the extent of demand for the particular commodity<br \/>\n2.)\u00a0\u00a0\u00a0\u00a0The availability of Labour<br \/>\n3)\u00a0\u00a0\u00a0\u00a0The nature of the product being produced<br \/>\n4)\u00a0\u00a0\u00a0\u00a0The availability of capital i.e. to pay the various workers involved, buy raw materials, machines e.t.c<br \/>\n5)\u00a0\u00a0\u00a0\u00a0Government policy <\/p>\n<p>\u00a0<strong>EXCHANGE<br \/>\n<\/strong>Division of Labour and specialization create a situation where people have to depend on others to get the goods and services they do not produce.<br \/>\nThis inter-dependence gives rise to exchange between individuals, firm or countries.<\/p>\n<p>\u00a0<strong>EVALUATION<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Define Specialization.<br \/>\n2.\u00a0\u00a0\u00a0\u00a0Explain the difference between Division of Labour and Specialization<br \/>\n3.\u00a0\u00a0\u00a0\u00a0State three limitations of Division of Labour<\/p>\n<p>\u00a0<strong>READING ASSIGNMENT<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Essential Commerce for SSS by O.A Longe page 16-18<br \/>\n2.\u00a0\u00a0\u00a0\u00a0Comprehensive for SSS by J.U Anyaele page 53-57 <\/p>\n<p>\u00a0<strong>WEEKEND ASSIGNMENT<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Who among the following engages in manufacturing occupation? (a) Bricklayer (b) Carpenter (c) Miner (d) Spinner<br \/>\n2.\u00a0\u00a0\u00a0\u00a0The factor of production that has a relatively fixed supply is (a) Capital<br \/>\n(b) Entrepreneurship (c) Land (d) Labour<br \/>\n3.\u00a0\u00a0\u00a0\u00a0Which of the following activities involves the extraction of raw materials?<br \/>\n(a) Baking (b) Building (c) Dressmaking (d) Fishing<br \/>\n4.\u00a0\u00a0\u00a0\u00a0At what time is production said to be complete? When the product (a) is made (b) is in the warehouse (c) is in the market (d) Gets to the consumer<br \/>\n 5.\u00a0\u00a0\u00a0\u00a0Any human effort which leads to the satisfaction of wants is (a) Consumption (b) Organization (c) Production (d) Specialization. <\/p>\n<p>\u00a0<strong>THEORY<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0State four disadvantages of Specialization<br \/>\n2.\u00a0\u00a0\u00a0\u00a0List three Limitations of division of Labour.<\/p>\n<p>\u00a0<strong>GENERAL EVALUATION<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>State the difference between industry and commerce.<strong><br \/>\n\t\t\t\t\t<\/strong><\/div>\n<\/li>\n<li>\n<div>Mention and explain five types of commercial occupations.<strong><br \/>\n\t\t\t\t\t<\/strong><\/div>\n<\/li>\n<li>\n<div>With the aid of a diagram, illustrate the scope of commerce.\n<\/div>\n<\/li>\n<li>\n<div>List seven factors that delayed the development of commerce in Nigeria.\n<\/div>\n<\/li>\n<li>\n<div>State seven characteristics of land as a factor of production.\n<\/div>\n<\/li>\n<\/ol>\n<p><strong><br \/>\n\t\t\t<\/strong>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEEK FOUR TOPIC: DIVISION OF LABOUR, SPECIALIZATION AND EXCHANGE CONTENT Definition of terms Advantages and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,168],"tags":[],"class_list":["post-1828","post","type-post","status-publish","format-standard","hentry","category-posts","category-first-term-ss1-commerce"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=1828"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1828\/revisions"}],"predecessor-version":[{"id":1829,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1828\/revisions\/1829"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=1828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=1828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=1828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}