Specialisation

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  • Created by: Alice
  • Created on: 10-11-15 18:30

Specialisation

Advantages

  • FIRMS
  • workers become more productive
  • increased productivity menas average costs fall
  • WORKERS
  • job satisfaction
  • specialised workers tend to get paid more
  • specific skills improve

Disadvantages

  • FIRMS
  • costs more to train the workers
  • quality may suffer if workers become bored
  • more expensive workers
  • WORKERS
  • becomes boring
  • other skills may suffer
  • may be replaced by machines

Evaluation

better use of scarce resources because we can produce more, and this achieves allocative efficiency

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