comparative advantage
specialization is doing only one job and it leads to civilization
international trade
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
productive resources
Free trade encourages specialization because competition leads each country to concentrate on the things it does best.
Management anable specialization to increase in various fields,this therefore leads to quality service delivery in the Nation.
specialization is doing only one job and it leads to civilization
it leads to an increase in output
international trade
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
productive resources
Free trade encourages specialization because competition leads each country to concentrate on the things it does best.
Creates employees who are highly skilled in a specific area
an increase in a nation's productivity
Result in a rightward shift in a nation's production possibilities curve.
Specialization is when individuals or businesses focus on a specific area of expertise or service. This leads to different jobs as each specialization requires different skills, knowledge, and experience, which in turn creates a variety of roles within an industry or field to fulfill specialized needs. Specialization also promotes efficiency and productivity by allowing individuals to become highly skilled in a particular area.
taconite