Ojonugwa Julius Akubo's Blog

The concept of economic development has being the major pivot of every nation and at such they all use possible instruments at their disposal to either boost their economy or stabilize their economic position. Unfortunately many nations focus on developing the other components that facilitates economic development without putting adequate attention on the major manager of the economy which is labour. Is it possible for a car to move without a driver? Labour  development   is a crucial necessity that every developed or  developing nation need to either remain developed or attain their desired level of development respectively. As a matter of fact every other factor of production which is the mother of development is either created or managed by labour. Is it capital,land or entrepreneur. All these are subject to labour control for effective utilization and maximization. Labour is entrepreneur,labour produces capital, labour uses land for production so it...

Every organization that must attain Maximum productivity and effective specialization must be willing to practice the theory and concept of labour division. Division of labour is the sharing of responsibilities between people of different areas of specializations. Considering the inability of humans to be totally self sufficient there is need for labour divisions which is a product of  specialization. Take for instance,the basic needs of man are food,shelter and clothing. If a collective group of individuals where to provide these basics for themselves individually then there wouldn't only be low output but inequalities which may lead to envy and eventually cause anarchy in the society. This is true because an individual may be a better farmer at the same time a weak tent maker so he would be lacking in terms of structures whereas he has plenty of food. Since he can not ask any other person for support in terms of tent making envy is bound to arise against the better  te...