what is specialization
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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. ... This specialization is thus the basis of global trade, as few countries have enough production capacity to be completely self-sustaining.
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Specialization involves focusing on a specific skill, activity, or production process, such as a South American company harvesting bananas, to become the leader or expert.
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