Edexcel A Level · 9EC0 · Theme 1: Introduction to markets and market failure
1.1.5 Specialisation and the Division of Labour
Also Edexcel AS 8EC0
Everything you need for questions on specialisation and the division of labour, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Specialisation and the division of labour
- Advantages and disadvantages
- Specialisation and trade
- The functions of money
- A classic chain
- Classic question: is specialisation always beneficial?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Everyone does everything, or divide the work?
- Advantage or disadvantage?
- The barter market
- Which function?
- How far should we specialise?
- Build the chain
- Exam practice
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