Greater efficiency; increased productivity; lower unit costs
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.
Relation between managerial tasks and managerial levels
responsibilities of managerial eeconomic
Agriculture uses specialization and specialization does not
nature of managerial economics?
it leads to an increase in output
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.
Longer Life Larger specialization
Labor specialization helps society because everyone is expected to perform labor that can benefit other people.
Please rewrite. You need to finish your thoughts.
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.
Workers who specialize become more efficient and thereby increase productivity.
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.
Relation between managerial tasks and managerial levels
Discuss the difference between managerial and non managerial tasks?
responsibilities of managerial eeconomic
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.