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ECONOMICS Paper 2

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i wrote that health care would improve the labour productivity and economic growth would take place. i pursued this point further to show benefits. for the state benefits i wrote that the people would get lazy and supply of labour would decrease. i pushed this point a bit. to conclude i wrote that improvement of health care was more imp as it will cause economic growth.

The specialisation was at a national level, so it was diff regions of the same country specialising. i gave the advantage that full use can be made of resources, and labour productivity can increase in general beacuse certain skills are concentrated in a certain area, adn the gdp would increase. but the areas would become too interdependant and calamities in one area might affect the whole country. i gave the example of the 2010 flood washing away the crops in pakistani provinces of punjab and sindh, causing food shortages throughout the country. if the areas had produced their own food they would not have had to face these shortages. i extended these points to give out the eventual outcome.
 
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yousafs c said:
i wrote that health care would improve the labour productivity and economic growth would take place. i pursued this point further to show benefits. for the state benefits i wrote that the people would get lazy and supply of labour would decrease. i pushed this point a bit. to conclude i wrote that improvement of health care was more imp as it will cause economic growth.

The specialisation was at a national level, so it was diff regions of the same country specialising. i gave the advantage that full use can be made of resources, and labour productivity can increase in general beacuse certain skills are concentrated in a certain area, adn the gdp would increase. but the areas would become too interdependant and calamities in one area might affect the whole country. i gave the example of the 2010 flood washing away the crops in pakistani provinces of punjab and sindh, causing food shortages throughout the country. if the areas had produced their own food they would not have had to face these shortages. i extended these points to give out the eventual outcome.

SPecialisation at national level is specialisation of a coutry
the one you are talking abt is specialisation of a region ..sir !
 
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So i think comparative advantage thing must be added..and for state benefits a missed the meaning unfortunately ..ur right at it..what say?
 
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wat u r talking about is international specialisation. the text said national specialisation.

i dunno! ive left all to Allah! He knows best!
 
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ahsan99 said:
So i think comparative advantage thing must be added..and for state benefits a missed the meaning unfortunately ..ur right at it..what say?
i di write about comparative advantage! forgot to mention it! :D

well i hope wat v r discussing is correct!
 
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yousafs c said:
wat u r talking about is international specialisation. the text said national specialisation.

i dunno! ive left all to Allah! He knows best!

YAr there is nooo international specialisation thing , agar specialisation intl ho tu that means all coutries producing the same product..khair..we shud leave it ..how did u define it :)

I said ..its concentrating on producing a product what a country does best..
...the countries are renowed for particular products..and gave example of NZ specialising in lamb and dairy products...
And for specialisation i wrote

-country may operate comparative advantage
- greater output ...also more efficient as greater use of tech. in ind. and more productive labour since pratice makes perfect so more exports improve trading position ..could be used to buy raw materials
-increase revenue via taxation
-increase employment
-intl. relations improve
-greater prosperity

and for negatives
-demand for the product in intl market may fall
-due to political instability may be disruption in supplies due to interdependence
etc
 
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