b) Advantages and disadvantages
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state the advantages of specialisation and the division of labour in regards to organising production
higher production output per worker
lower costs in training workers
state the disadvantages of specialisation and the division of labour in regards to organising production
task repetition → worker boredom + loss of motivation
→ higher worker turnover rate
state the advantages of specialisation and the division of labour in regards to trade
more exports + more available goods
→ national economic growth
→ higher consumer incomes + higher standard of living
state the disadvantages of specialisation and the division of labour in regards to trade
high competition → firms close down → unemployment
dependency on foreign imports → economic problems if conflicts or natural disasters arise
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