CAIE IGCSE Economics 3.3.5 Division of Labour Questions

Practise Cambridge IGCSE Economics by defining division of labour and analysing its effects on workers, firms and production.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Define division of labour and specialisation in production.
  • Explain benefits and disadvantages of division of labour for workers and firms.
  • Analyse how specialisation affects productivity and production methods.

CAIE IGCSE Economics 3.3.5 Division of Labour Questions question 1

[Maximum number: 8]

Central banks influence their countries' money supply. Central banks also regulate commercial banks. Households benefit from these commercial banks in several ways. In recent years, commercial banks have introduced new technology. Global online banking increased by 14% between 2019 and 2022. These advances in technology were combined with a greater use of division of labour.

Discuss whether or not division of labour will benefit workers.

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