1.1.5 Specialisation and the Division of Labour

Across

• 1. ... of money are: Durable, Portable, Divisible, Hard to counterfeit, generally accepted by a population and is valuable (15)
• 4. ... of Specialisation and Division of Labour: Workers and other productive factors are put to their most productive use, Smaller range of tasks means jobs are learnt quicker and cheaper, Workers develop specific expertise (10)
• 5. Function of Money: This refers to anything that allows the value of something to be expressed in an understandable way, and in a way that allows the vale of items to be compared (4, 2, 7)
• 6. Function of Money: This can refer to any asset whose value can be used now or used in the future, meaning people can save now to fund spending in the future (5, 2, 5)
• 7. ... is when we concentrate on a particular product or task (14)
• 8. ... occurs when production is broken down into many separate tasks, which can raise output per workers as workers have a higher productive capacity after doing a repetitive task (8, 2, 6)