What are the limits of specialization in production in economics?

Answer 1

Definition- Specialization is the process of performing a certain task which makes a person be in limited in performing other activities out of work she/he is specializes purposely.

ADVANTAGES

- It increase efficiency- practice make perfect, there fore the work within particular skills will develop skills and efficiency through repetition of the job.

-it save time -there is no need of switching from one place to another in that case worker is fixed in her/his field as a result time is saved.

-Accuracy in production - it is likely to be accuracy in production due to the fact that every worker will engage in the particular work where will be concerned with.

-Reduce cost of production -in the particular activities the specialized person will be effectively handling it out as a result there be no need giving cost of repeating the same job.

DISADVANTAGES

-It create independence, each worker as a part of skills and not complete skills so as one can manage to reduce by him/ herself

- It create monopoly this means after specialization certain field of work may lead into boredom to the worker

-It may cause unemployment this occur when the company is closed and there is no similar industry offering the same job. also it limit the freedom of the choice of work

Definition- Specialization is the process of performing a certain task which makes a person be in limited in performing other activities out of work she/he is specializes purposely.

ADVANTAGES

- It increase efficiency- practice make perfect, there fore the work within particular skills will develop skills and efficiency through repetition of the job.

-it save time -there is no need of switching from one place to another in that case worker is fixed in her/his field as a result time is saved.

-Accuracy in production - it is likely to be accuracy in production due to the fact that every worker will engage in the particular work where will be concerned with.

-Reduce cost of production -in the particular activities the specialized person will be effectively handling it out as a result there be no need giving cost of repeating the same job.

DISADVANTAGES

-It create independence, each worker as a part of skills and not complete skills so as one can manage to reduce by him/ herself

- It create monopoly this means after specialization certain field of work may lead into boredom to the worker

-It may cause unemployment this occur when the company is closed and there is no similar industry offering the same job. also it limit the freedom of the choice of work

Definition- Specialization is the process of performing a certain task which makes a person be in limited in performing other activities out of work she/he is specializes purposely.

ADVANTAGES

- It increase efficiency- practice make perfect, there fore the work within particular skills will develop skills and efficiency through repetition of the job.

-it save time -there is no need of switching from one place to another in that case worker is fixed in her/his field as a result time is saved.

-Accuracy in production - it is likely to be accuracy in production due to the fact that every worker will engage in the particular work where will be concerned with.

-Reduce cost of production -in the particular activities the specialized person will be effectively handling it out as a result there be no need giving cost of repeating the same job.

DISADVANTAGES

-It create independence, each worker as a part of skills and not complete skills so as one can manage to reduce by him/ herself

- It create monopoly this means after specialization certain field of work may lead into boredom to the worker

-It may cause unemployment this occur when the company is closed and there is no similar industry offering the same job. also it limit the freedom of the choice of work