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Learning objective

Identify the benefits and drawbacks of national specialisation for consumers, businesses, and the overall economy.

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Cambridge IGCSE EconomicsInternational trade and globalisation

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Quick explanation

Identify the benefits and drawbacks of national specialisation for consumers, businesses, and the overall economy

  • This point belongs to International specialisation, especially International specialisation outcomes.
  • You need to be able to identify the benefits and drawbacks of national specialisation for consumers, businesses, and the overall economy.
  • The key ideas to know are Discuss and Identify.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DiscussIdentify

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This objective helps connect International specialisation outcomes to exam-style questions, flashcards, and revision notes for International specialisation.

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Paper 2 structured question: International specialisation

Paper 2Structured Questions1 marks

Description

Implications of National Specialisation

Countries often specialise in certain industries to enhance efficiency and productivity. This can lead to both benefits and drawbacks for consumers, businesses, and the economy as a whole.

  1. a

    State one benefit of national specialisation for consumers.

    Aim for approximately 1 distinct marking point.

    [1]
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Cambridge IGCSEEconomics resources