Specialization - SS1 Economics Past Questions and Answers - page 1
What is specialization?
Focusing on a particular area or activity of work
The allocation of work to different workers based on seniority
The outsourcing of work to other companies
What are some examples of specialization?
Doctors specializing in different areas of medicine
Teachers focusing on teaching a specific subject
Musicians specializing in different instruments
What are the benefits of specialization?
Increased productivity, efficiency, and quality
Increased job satisfaction and motivation
All of the above
What is the difference between specialization and the division of labour?
Specialization refers to the process of focusing on a particular area or activity of work, often to the exclusion of other tasks or functions, while the division of labour refers to the separation of work tasks or functions into smaller and more specialized parts, each of which is performed by a different worker or group of workers.