Division of labour, specialisation and exchange

HideShow resource information
Division of labour
Dividing up the production process into separate roles
1 of 5
Specialisation
Each worker becomes extremely skilled at their particular job
2 of 5
Productivity
This allows workers to increase their productivity
3 of 5
PPB
The PPB curve will shift outwards
4 of 5
Productivity definition
A measure of efficiency, the ratio of input to output. (unit of output per worker, per hour)
5 of 5

Other cards in this set

Card 2

Front

Each worker becomes extremely skilled at their particular job

Back

Specialisation

Card 3

Front

This allows workers to increase their productivity

Back

Preview of the back of card 3

Card 4

Front

The PPB curve will shift outwards

Back

Preview of the back of card 4

Card 5

Front

A measure of efficiency, the ratio of input to output. (unit of output per worker, per hour)

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Production and efficiency resources »