Advantages & Disadvantages of Specialisation

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  • Created by: samuel991
  • Created on: 13-02-17 13:11

Advantages & Disadvantages of Specialisation

AdvantagesGetting Started

  • increases productivity and living standards across the world
  • Higher level of global output

Disadvantages

  • Increase in structural unemployment when demand for a good falls
  • may suffer from resource depletion if a country specialises in production.

Evaluation

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