1. The theory assumes that all units of labour are homogeneous such that each worker is productive as the other which is not true due to different attributes of workers.
2. The theory assumes perfect mobility of labour which is unrealistic.
3. The theory is valid under perfect competition which do not exist.
4. The theory assumes that amount of labour used in production can be continuously varied.
5. The theory imply that employment can be increased through reducing wages which is not true
Jonmhumble answered the question on October 29, 2017 at 16:21
- State and explain the factors that facilitated rapid growth of urban centres.(Solved)
State and explain the factors that facilitated rapid growth of urban centres.
Date posted: October 28, 2017. Answers (1)
- State and explain types of market segmentation.(Solved)
State and explain types of market segmentation.
Date posted: October 28, 2017. Answers (1)
- Outline the limitations of autocratic leadership style.(Solved)
Outline the limitations of autocratic leadership style.
Date posted: October 26, 2017. Answers (1)
- When is laissez faire type of leadership style available?(Solved)
When is laissez faire type of leadership style available?
Date posted: October 26, 2017. Answers (1)
- What are the benefits of planning?(Solved)
What are the benefits of planning?
Date posted: October 26, 2017. Answers (1)
- What are the steps for rational decision making?(Solved)
What are the steps for rational decision making?
Date posted: October 26, 2017. Answers (1)
- Outline the characteristics of production.(Solved)
Outline the characteristics of production
Date posted: October 26, 2017. Answers (1)
- What are the assumptions in production?(Solved)
What are the assumptions in production?
Date posted: October 26, 2017. Answers (1)
- What is the role of capital in production?(Solved)
What is the role of capital in production?
Date posted: October 26, 2017. Answers (1)
- State and explain the types of division of labour.(Solved)
State and explain the types of division of labour.
Date posted: October 26, 2017. Answers (1)
- Differentiate between short run and long run production functions.(Solved)
Differentiate between short run and long run production functions.
Date posted: October 26, 2017. Answers (1)
- What are the stages of production?(Solved)
What are the stages of production?
Date posted: October 26, 2017. Answers (1)
- What are the properties of an isoquant?(Solved)
What are the properties of an isoquant?
Date posted: October 26, 2017. Answers (1)
- Differentiate between leader and a manager.(Solved)
Differentiate between leader and a manager.
Date posted: October 25, 2017. Answers (1)
- Discuss the power tactics.(Solved)
Discuss the power tactics.
Date posted: October 25, 2017. Answers (1)
- State and explain essentials of a control system.(Solved)
State and explain essentials of a control system.
Date posted: October 25, 2017. Answers (1)
- Outline the advantages of decentralization of the organization(Solved)
Outline the advantages of decentralization of the organization
Date posted: October 25, 2017. Answers (1)
- State and explain types of organization structure.(Solved)
State and explain types of organization structure.
Date posted: October 25, 2017. Answers (1)
- What is the purpose of marketing research?(Solved)
What is the purpose of marketing research?
Date posted: October 24, 2017. Answers (1)
- State and explain element of marketing mix in service marketing(Solved)
State and explain element of marketing mix in service marketing
Date posted: October 24, 2017. Answers (1)