5) Specialisation and the division of labour

Question 1

What is division of labour?

Answer 1

Specialisation by workers, who perform different tasks at different stages of production to make a good or service, in co-operation with other workers

Question 2

What is specialisation?

Answer 2

A system of organisation where economic units such as households or nations are not self-sufficient but concentrate on producing certain goods and services and trading the surplus with others

Question 3

What is the primary sector?

Answer 3

Extractive and agricultural industries

Question 4

What is the secondary sector?

Answer 4

Industries involved in the production of goods, mainly manufactured goods

Question 5

What is the tertiary sector?

Answer 5

The sector where the good or service is given to the consumer

Question 6

What is the private sector?

Answer 6

The part of the economy owned by individuals, companies and charities

Question 7

What is the public sector?

Answer 7

The part of the economy where production is organised by the state or government