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Flashcards in 1. Business Activity Deck (3)
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What are the 4 factors of production?

Land, Labour, Capital and Enterprise


What are the advantages of specialisation of labour? (2)

- Better efficiency and output
- Less time wasted for moving to another workbench


What are the disadvantages of specialisation of labour? (2)

- Employees gets bored
- Production can be stopped if employee doing a certain job is absent