Specialisation/Division of Labour Flashcards

1
Q

Specialisation Definition

A

The concentration of a worker, firm, region or nation to produce a narrow range of goods/services.

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2
Q

Advantages of Specialisation

A
  • Big range of goods/services, lots of smaller specialisation
  • Greater output and quantity
  • Economy benefit, greater trade, leads to growth SoL increase
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3
Q

Disadvantages of Specialisation

A
  • Dependance of finite resources, increase price/runs out
  • Reliance on good weather
  • Changing tastes/fashion
  • National Interdependence
  • Deindustrialisation, other countries produce better unempl
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4
Q

Definition of Division of labour

A

Large production lines are broken down into separate tasks

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5
Q

Advantages of DoL

A
  • Workers become skilled at their job
  • Time taken decreases
  • Increase production/productivity
  • Cost-effectiveness / consumer benefit from lower prices
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6
Q

Disadvantages of DoL

A
  • Boredom
  • Payment are low
  • Wroking conditions are poor
  • Too much reliance on other countries
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