Question

How does specialization allow for a higher standard of living?

Answer 1

Hi friend,

Specialization means higher education. Higher education means highly qualified. Highly qualified means better paying jobs. A better paying job leads to high buying power which in return automatically increases the standard of living. If we compare an average education candidate as opposed to candidate with specialized education, their experience, exposure and knowledge has a vast gap among them. Obviously renowned companies like to hire highly qualified personals leaving behind moderately educated people with jobs paying less. Therefore the standards of living depends upon the buying power which has a high probability of increasing when you are highly qualified.

Thanks for asking.

Answer 2

Answer:

HOPE THE ABOVE GIVEN ATTACHMENT WILL HELP YOU......