6.1.2 - Advantages & disadvantages of specialisation at a national level
Unit 6.1.2 - Advantages and disadvantages of specialisation at a national levelThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the advantages and disadvantages of specialisation for consumers, firms, and the economy.Specialisation at a national level occurs when a country focuses on the production of certain goods or services because of cost advantages. This is typically...