specialisation + division of labour Flashcards
1
Q
specialisation
A
when a firm concentrates their efforts in a particular good or service
2
Q
division of labour
A
the production process is broken down into many separate tasks
3
Q
3 advantages of specialisation
A
higher output per person per hour
economies of scale - production quantities increase and average costs decrease
efficiency
4
Q
3 disadvantages
A
workers become inflexible
repetitive strain injuries
workplace absenteeism
