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Q: Why does specialisation lead to more efficiency?
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3 Explain the difference between generalisation and specialisation by using example?

Generalisation : Generalisation is the extracting the shared characterstics from the two or more classes and combining them into generalised super class Specialisation: Specialisation is creating a subclass from the super class


Why the specialisation of labor is more efficient than universal self sufficiency?

A


When tasks in an economy are specialized what exsits?

Specialised consumption. Unless trade (or barter) also exists. But specialisation does not, inevitably lead to trade.


What does technological progress lead to?

an increase to efficiency


How does specialisation address the issue of scarcity?

Since the days of Adam Smith it is a widely held economic tenet that specialisation leads to greater productivity. This productivity increase allows firms (or for that matter countries) to benefit from static efficiency i.e. greater output from a given set of inputs If countries can make more from their given set of resources, the problem of scarcity (i.e. the economic problem) must be improved or solved to some degree.


Why a high-efficiency machine is more desirable than a low- efficiency machine?

High-efficiency machines do more for less and are therefore more desirable than a low-efficiency machine.AnswerHigher efficiency means lower energy losses and, therefore, such machines are more economical than low-efficiency machines.


What is business major?

Specialisation


How does mass effect efficiency?

The mass affects the efficiency of an object. It adds more weight, which causes more friction. More friction=less efficiency


Describe why a high-efficiency machine is more desirable thana low-efficiency machine?

A high efficiency machine will produce more of what is it that you want with the same power as the low efficiency one. In other words, for a low efficiency machine do as much as a high efficiency one, you have to give it more power (energy).


Why is a high efficiency machine is more desirable than a low efficiency machine?

A high efficiency machine will produce more of what is it that you want with the same power as the low efficiency one. In other words, for a low efficiency machine do as much as a high efficiency one, you have to give it more power (energy).


What is international specialisation?

The foremost cause of inthernational trade is international specialisation,it means that different countries of the world specialize in the production of those goods in whose production they possess special resources.International specialisation is the result of division of labour.


What are the advantages and disadvantages of specialisation?

More productive, efficient, produces more in less time. better quality products. encourage trade dis: work becomes repetitive, workers feel alienated from business, feel boring and has no incentive to work. specialisation makes labour less mobile and coutries dependent