Specialisation
- Created by: Lottie
- Created on: 01-12-11 09:30
Fullscreen
Specialisation
- when economic agents chose to concentrate on producing one particular good/service to survive e.g. Natwest- banking
- division of labour is another name
- Adam Smith- pin worker example , 1 person makes 20 pins,10 people specialised can make…
Comments
Report