division of labour and specialisation

Question 1

What is specialisation

Answer 1

how an economy will concentrate on a specific number of tasks during production

increase efficiency

Question 2

On what scale can you specialise

Answer 2

Country
Region
Firms
Individual

Question 3

What is the division of labour

Answer 3

Within a firm the workforce is seperated

Question 4

What does specialisation make use of

Answer 4

natural advantage and lowers opportunity costs

Question 5

What are the benefits of specialisation for producers (4)

Answer 5

higher-quality output at lower cost

training new workers easy

saves time and costs

EOS

Question 6

What are the negatives of specialisation for producers (4)

Answer 6

if one area of production mistake causes problems

harder to cover ill staff

workers are less flexible

overproduction

Question 7

What are the benefits of division of labour for workers (4)

Answer 7

higher wage due to expertise

increase speed and ability

job satisfaction and standard of living increase

less training so start earlier

Question 8

What are the negatives of division of labour for workers(4)

Answer 8

boredom and unmotivated

tech and machinery take over

exploitation of labour

overspecialisation