Some workers receive a very narrow training and may not be able to find alternative jobs. Mass-produced goods lack variety. Limits to the Division of Labour Mass production requires mass demand. Barter is the direct exchange of goods for other goods. Each worker creates only part of the finished goods, therefore the division of labour cannot be used in a barter society.
Automation refers to intensive use of machinery in production.
A firm organises the manufacture of a good or service. An industry is made up of all those firms producing the same commodity. The amount spent on producing a given amount of a good is called total cost , TC , and is found by adding together variable and fixed costs. If just one more unit is made then total variable costs rise. The cost of buying raw materials and components.