b) Advantages and disadvantages

b) the advantages and disadvantages of specialisation and the division of labour in organising production

c) the advantages and disadvantages of specialisation and the division of labour in trade

regarding organising production

• advantages of specialisation and the division of labour

  • higher production output per worker

  • lower costs in training workers

• disadvantages

  • task repetition = worker boredom + loss of motivation

  • → higher worker turnover rate

regarding trade

• advantages

  • more exports = more available goods

  • → national economic growth

  • → higher consumer incomes + higher standard of living

• disadvantages

  • high competition = firms close down = unemployment

  • dependency on foreign imports = economic problems if conflicts or natural disasters arise