Costs and benefits of firms and workers specialising unit 1

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  • Created by: Ovais
  • Created on: 06-04-13 23:55

Cost and benfits of specilisation:

Benefits to the firm:

-Workers become quicker at producing goods (more productive)

-Because of increased productivity, average costs per unit are lower

-Production levels are increased

Costs to the firm:

-Greater cost of training workers

-Quality may


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