The use of modern weaving machines in the production of local fabric will result in

Assessment: JAMB UTME - Economics - 2008 Subject: Economics

Question 1 Report

The use of modern weaving machines in the production of local fabric will result in
Answer Details
The use of modern weaving machines in the production of local fabric will result in a decrease in the demand for labor. This is because the modern machines are more efficient and can produce a larger quantity of fabric in a shorter amount of time, reducing the need for a large number of laborers. As a result, employers may reduce their workforce to cut down on labor costs. This could lead to a decrease in wages if the supply of labor exceeds the demand, as there would be more job seekers than available jobs, and employers would have the power to reduce wages.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning