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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is specialisation?

A

Specialisation is focusing on one task before moving onto the next

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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
How well did you know this?
1
Not at all
2
3
4
5
Perfectly