AQA AS Economics Unit 1 MindMap
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- Created on: 13-01-13 14:03
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- Specialisation and the Division of Labour
- Specialisation occurs when an individual, a firm, a region or a country concentrates on the production of a limited range of goods and services. It has lead to increases in standards of living and productivity across the world.
- The Division of Labour is where individuals concentrate on the production of a particular good or service. Production is broken down into a series of tasks, conducted by different workers.
- ADVANTAGES:
- Highly skilled workers.
- Less time is required to train workers for specific tasks.
- Capital equiptment can be used continuously in production.
- More choice of jobs for workers.
- No time is wasted moving from one job to another.
- Reduced cost per unit.
- DISADVANTAGES:
- Increased recruitment and selection costs for staff.
- Easier to replace workers with machinery, which may lead to structural unemployment.
- Repetition causes monotony and boredom.
- It creates independance, so if one group of workers go on strike, it could halth the prodcution process across the whole indutry.
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