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comparative advantage theorie and absolute advantage theorie
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoIt states that every person in a society must do one thing that he is suited for, and no more. He must therefore become a specialist in this one area, for he is destined to do this.
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What are the theory identifies specialization as a reason for international business?
theory of comparative advantage.
What theory identifies specialization as a reason for international business?
comparative advantage
What theory did Adam smith develope after visiting the pin factory?
Specialization and division of labor
How does specialization influence the legislative process?
Specialization has long been viewed as an important decision-making strategy used by legislators. The purpose of this study is to evaluate a simple theory of specialization which is based on elementary decision-theory. The theory is expressed as an arithmetic representation and is evaluated by means of extensive sensitivity testing. It is found that the state party delegation appears to be a pervasive source of decision cues, and that specialization seems to be an important role expectation for members of the Democratic Study Group. Questions are also raised concerning the relation of specialization to influence, and a possible way of investigating legislator influence is discussed
Should you prefer for MBA after bbm what spesalisation should you prefer as you are good in theory?
Go for specialization in Marketing !
What is a synonym for specialization?
specialization
What is the relationship between agriculture and specialization?
Agriculture uses specialization and specialization does not
After visiting the pin factory Adam smith developed which theory?
After visiting the pin factory, Adam Smith developed the theory of division of labor, which states that breaking down tasks into smaller, specialized parts can increase productivity and efficiency. Smith's observations at the pin factory highlighted the benefits of specialization in the production process.
What are some examples of specialization?
specialization is food:)
What factor describes the range of depth of individual jobs specialization?
specialization
Is prostate a specialization?
It falls under the Urologist's field of specialization.
Specialization in a sentence?
Forensic accounting is a specialization in the accounting industry. Specialization is a distinct set of skills and abilities in a particular area.
