1.1.5 Specialisation And The Division Of Labour Flashcards
1
Q
What is division of labour?
A
When a task is broken up into several components.
2
Q
What is specialisation?
A
Specialisation is focusing on one task before moving onto the next
3
Q
What are the pros of division of labour and specialisation?
A
- Higher labour productivity
- Lower cost per unit for form
- Lower costs can be passed to consumers as lower prices
- Higher profits means higher wages
- Increased productivity could lead to expansion into new markets
- Creates low skilled Jobs
4
Q
What are the cons of specialisation and the division of labour?
A
- Task repetition leads to boredom and decrease in motivation
- Less productivity/quality
- Increase labour turnover rates
- Product lacks variety
- If workers lose jobs then its harder for them to find another because of their specific skills