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Related Questions

Describe labor specialization?

Labor specialization led to a diverse West African economy. How?? I need a reason why.


When an economy relies on specialization?

trade enables individuals to obtain the goods in which they do not have a specialization


How can specialization benefit both buyers and sellers in a free market economy?

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.


What limits specialization in the global economy?

Trade barriers.


How does specialization affect the economy?

Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.


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

The international division of labor


Increasing specialization within the global economy depends in what?

International trade Apx


What is specialization restricted by in the global economy?

Protective tariffs


Increasing specialization within the global economy depends on what?

International Trade


How did the movement of households from rural to urban setting reduce specialization in the household production in the economy?

a


Specialization helps each region make more of this?

The answer is economy it is in the social studies book read


Explain how division of labor and specialization enhance production in an advanced economy?

"http://wiki.answers.com/Q/Explain_how_division_of_labour_and_specialization_enhance_production_in_an_advanced_economy"