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What limits specialization in the global economy?

Trade barriers.


Definition of work specialization?

Work specialization is the breaking down of tasks into jobs.


The global economy can have specialization in production because of what?

The international division of labor


What is specialized works?

work specialization is a kind of labor which you are specialized with... ^_^ work specialization is a kind of labor which you are specialized with... ^_^


How do specialization and trade benefits both trading partners?

specialization gives countries resources to other countries which creates an entry into the global trade.


Increasing specialization within the global economy depends in what?

International trade Apx


What are examples of global local continuum?

A notion that what happens at a global scale affects what happens at a local scale.


Increasing specialization within the global economy depends on what?

International Trade


What is specialization restricted by in the global economy?

Protective tariffs


What is the process of conducting business on a global scale is called?

Globalization- Growth to a global or worldwide scale; "the globalization of the communication industry"


What limits specialization in the global economic?

Specialization in the global economy is limited by factors such as resource availability, local market demand, and trade barriers. Countries may lack the necessary resources or infrastructure to specialize effectively in certain industries. Additionally, cultural preferences and economic policies can restrict the extent of specialization. Moreover, global supply chain disruptions can also hinder the ability of nations to focus on specific sectors.


What is the GRS and how wide is it?

It is the global rating scale