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Q: What is the relationship between exchange specialization and production?
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What did Ford production of model T'S demonstrated the economic relationship between specialization and?

greater efficiencies in production.


What is the relationship between specialization and trade and changing employment partners?

specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.


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Greater efficiencies in production.


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Gains from exchange pertains to the benefits received from the trade with other parties. Gain from specialization are those unconditional benefits acquired within the general spectrum of business and consumer relationships.


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the relationship between taxation and production is that taxation is the process where by a business firm provides a certain amount of money to the national government after doing a certain transactions while production is the creation of goods or services for exchange and satisfying human needs or wants their relation is that both of them works on increasing government income, and their depending to each other, for example without production there wont be taxation because taxes are mostly collected from the production of goods and services.


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