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The advantage of specialization is to gain greater degrees of productive efficiency within the entire system of businesses or areas. Specialization is the basis of global trade as few countries produce enough goods to be completely self-sufficient. So each country specializes at producing what its best at.
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Why the specialisation of labor is more efficient than universal self sufficiency?
A
Advantages and disadvantages of specialisation?
It is impossible to find out this, the information doesn't seem to be anywhere :|
How do absolute advantage and comparative advantage have in common?
Firstly absolute advantage is where a firm or producer can produce the good using less/fewer resources than another competitor, therefore the producer has the absolute advantage and is more economically efficent. Whereas Comparative advantage is where a firm can produce a good at a lower opportunity cost than another producer. So these to economic situations are very similar and are both about which producer is most economically efficent to produce certain goods, though they have one main thing in common. Knowing who has the absolute or the comparative advantage means the producers can use specialisation to esure the least resources are produced and the best firms who can produce the good the best are producing them.
What is specalization?
Specialisation is when the production process is split up into different tasks and each worker performs one of these tasks. specialisation is the production of a limited range of goods by an individual or firm or country in co-operation with others so that together a complete range of goods is produced.
What are the advantages and disadvantages of specialisation?
More productive, efficient, produces more in less time. better quality products. encourage trade dis: work becomes repetitive, workers feel alienated from business, feel boring and has no incentive to work. specialisation makes labour less mobile and coutries dependent
Why is it advantageous for the cells of an animal to exhibit divisions of labor?
It allows for a greater amount of specialisation of cell types. Specialisation is almost always an advantage.
What is business major?
Specialisation
What is international specialisation?
The foremost cause of inthernational trade is international specialisation,it means that different countries of the world specialize in the production of those goods in whose production they possess special resources.International specialisation is the result of division of labour.
3 Explain the difference between generalisation and specialisation by using example?
Generalisation : Generalisation is the extracting the shared characterstics from the two or more classes and combining them into generalised super class Specialisation: Specialisation is creating a subclass from the super class
Disadvantages of specialisation?
products are all the same
What is a robotics engineer?
a specialisation study of robots
Ornithologist specialisation area in science?
birds
What does it tales to be a pediatrician?
A medical degree with specialisation in pediatrics.
How cyanobacteria cell specialisation helps it function?
nice
Which is a qualitative factor in deciding to outsource a product rather than make it a- the quality of other products or b- loss of in house expertise and specialisation?
loss of in house expertise and specialisation
Why the specialisation of labor is more efficient than universal self sufficiency?
A
What is one factor that would influence the length and specialisation in the gut?
Diet.Diet.
