division of labour & specialisation Flashcards
division of labour advantages
efficient, less workers, cheaper product, cheaper production costs, higher quality
specialisation advantages
higher output, variety, bigger market, competition and lower prices, surplus can be exported
specialisation disadvantages
costs may eventually become too high, resource scarcity, technical failure can be drastic, fall in demand, competition may rise, workers getting bored, over-extraction of resources
division of labour advantages for workers
increased skillset, increased job satisfaction(possibly), could increase standard of living if earning more
division of labour disadvantages for workers
unrewarding, lower motivation, less pride in work, absenteeism increase, higher worker turnover, risk of strain injury, little training, structural unemployment
what is division of labour
allocation of workers to specific tasks in the production line
what is specialisation
where a country, business or worker focuses on the production of a limited range of products in order to gain efficiency, with the aim of increasing production and lowering costs
what is job rotation
involves the movement of employees through a range of jobs in order to increase interest and motivation