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Economics A Level

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Question:

What are the Advantages of Specialisation?

Author: go kys



Answer:

-People specialising into what they do Best can lead to Better Quality and more Quantity for the Same Amount of Effort - Labour Productivity Improves -This is one way Firms can have Economies of Scale - a Production Line is a Form of Specialisation -Efficient Production helps tackle the Problem of Scarcity. If Resources used better, then More Output can be made per Input of Resource -Training Costs reduced if Workers trained to make Limiting Tasks


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go kys
go kys