2) Specialisation And Division Labour

Question 0

What does specialisation mean

Answer 0

⚫️individuals, households, firms or countries
➡️concentrate on producing certain goods and services
➡️trading surpluses with each other

Question 1

What does production mean

Answer 1

➡️process of converting
➡️inputs and FOP
➡️into final output

Question 2

What does division of labour mean

Answer 2

⚫️workers specialised
➡️to one particular part
➡️of production process

Question 3

Give an evaluation of specialisation and division of labour

Answer 3

✅increase in labour productivity

✅suits a modern economy
➡️encourages changes
➡️e.g individual not able to take on every job society requires

✅workers specialise in task suites best

❎jobs are divided up too much
➡️tedious workers
➡️leading to demotivation
➡️less productive

❎over specialisation 
➡️north of England specialise in coal mining and ship building
➡️when these industries closed down
➡️nothing to replace them
➡️leading to high unemployment