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Specialisation and trade

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Question 1

What is meant by the division of labour?

Workers are assigned to specialised, specific tasks within a production process

Goods and services are directly exchanged for other goods and services

The government intervenes to regulate the prices of essential commodities

Firms split a market geographically to prevent competition and increase profits

Specialisation and trade Questions

  1. A Level
  2. /Economics
  3. /Specialisation and trade