Explain two disadvantages of specialisation.

Vulnerability, whether it be an employee, firm or country who specialise, producing only one good can be a risk if that industry were to collapse. An example of this is the increase in unemployment in the south of England resulting from deindustrialisation.Quality of output may in fact decrease as repetition can cause boredom and workers may start to make mistakes.

KE

Related Economics GCSE answers

All answers ▸

Explain why a 'strong' pound might reduce the sales of steel in the UK.


Draw and label a diagram to show the effects on the equilibrium market position to show the effects of a hot sunny day on the market for ice creams.


are technological developments making perfect competition more realistic


With reference to a poverty trap (poverty cycle), explain how “investing in human development is crucial to ... reducing poverty”