Economy, asked by arpitabanerjeea974, 11 months ago

what is specialization ??​

Answers

Answered by anushkasingh9097
3

Answer:

HEY MATE

HERE'S YOUR ANSWER

Explanation:

Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade for other goods and services.

This specialization is thus the basis of global trade, as few countries have enough production capacity to be completely self-sustaining.

Answered by pardeeprahar1980
3

Answer:Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade for other goods and services.

Explanation:I hope this will help you

Similar questions