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How can specialization benefit two separate and diversly endowed geographic regions?
Wiki User
∙ 9y ago
Specialization contributes to increased opportunities for trade. Specialization will make the two countries mutually dependent upon each other, for goods they don't produce themselves.
Wiki User
∙ 9y ago
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What is the benefit of specialization?
it leads to an increase in output
How can specialization benefit both buyers and sellers in a free market economy?
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
What is the benefit of being multicelluar?
Longer Life Larger specialization
what is the diffrence between division of labor and specialization?
Division of work is the separating of the creation interaction into various separate tasks with every activity being embraced by a representative or a gathering of worker while specialization is the convergence of useful endeavors on a specific action where the relative benefit is most elevated.
How does lavor specialization help a society?
Labor specialization helps society because everyone is expected to perform labor that can benefit other people.
What are benefit of managerial specialization?
Greater efficiency; increased productivity; lower unit costs
How does specialization by workers benefit firms employing the?
Please rewrite. You need to finish your thoughts.
How does specialization by workers benefit the firm's employing them?
Workers who specialize become more efficient and thereby increase productivity.
How does specialization enhance Canada's and Australia's ability to trade with other countries?
Canada and Australia benefit greatly from having specialization in their products and services in regards to trade. The specialization allowed Canada and Australia to trade because they have highly skilled and trained labor force. This thus allows them to easily trade and communicate amongst themselves.
What education benefit is available to a taxpayer who files married filed separate?
Which education benefit is available to a taxpayer who files married filing separately
Why would employees favor low specialization over high specialization?
Risk reduction. A benefit of job specialization is that it reduces your risk of making mistakes. When you are highly specialized in a certain job function, you have mastery of tasks within that function.
What are advantages of globalization?
One of the benefits of the international trade is that different economies are able to obtain a variety of goods through specialization. The other benefit of specialization is that it improves relationships between countries.
