Tag: specialisation
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Specializations
Levels of specialisation By country Countries specialise in producing certain goods. India specialises in producing tea and china specialises in producing electronic goods By region The gulf countries specialise in extracting or providing oil By town A town may specialise in producing something. Amsterdam specialises in producing flowers By firm A…
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Specialisation and Division of labour
Specialisation and Division of Labour Specialisation To do something at which you are best Division of labour To divide the work into stages Separation of work process into tasks, and each task is performed by a separate person or group
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Disadvantages of specialisation for an individual
Disadvantages of specialisation for an individual Job dissatisfaction Risk of unemployment No flexibility
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Trade unions role
Trade unions An organization of people who represent and protect the rights and interests of it members Trade unions demand: Higher wages Better working conditions If demands are not met they may take an industrial action (strike) Role of trade unions Protect the rights Negotiate with the management on behalf of the members (collective…
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Need for exchange
Need for exchange If someone produces pens and has to buy a eraser then he/she will need money to buy it. Money aids trade and specialisation