1. Business Activity Flashcards Preview

Business IGCSE > 1. Business Activity > Flashcards

Flashcards in 1. Business Activity Deck (3)
Loading flashcards...
0

What are the 4 factors of production?

Land, Labour, Capital and Enterprise

1

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

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

2

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

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