What is specialization and division of labor what might be the perils of over specialzation?

Answer 1

DISADVANTAGES OF SPECIALISATION / DIVISION OF LABOUR

To the business:

- Greater cost of training workers

-Quality may suffer if workers become bored by the lack of variety in their jobs

To the worker:

- Boredom as they do the same job

- Their quality and skills may suffer

- May eventually be replaced by machinery

Answer 2

The enormous efficiency of specialization allows the intricate networking of trade among people and nations that we see today. very few of us produce a single furnished good; we make but the tiniest fraction or what we consume we might teach a small part of one college's curriculum, or empty coin from parking matter or separate the genetic material of fruiting files, in exchange of this specialized labor we still receive income adequate to buy goods from over the world.

Advantage economics engage in specialization and division of labor, which increases the productivity of their resources.

ANSWER

Explain what happens if the market price starts too high or too low? i belong to Pakistan so i definitely try to think about the specialization in agriculture because my country has 70% dependency on agriculture... cost of production of agriculture products are far less than other countries... so my area will be agriculture.

the perils of specialization are its disadvantages... in some cases monopolies generated through this type of specialization.

Answer 3

Producing limited range of goods and services by a Nation or a region or an Individual is called specialization . Specialization by Individuals is division of labour .