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Specialization occurs when individuals or groups focus on specific tasks or industries, leading to increased efficiency and productivity. As people became more skilled in particular areas, they produced surplus goods that exceeded their own needs. This surplus created opportunities for trade, as specialized producers sought to exchange their excess goods for items they lacked. Consequently, trade flourished as communities recognized the benefits of exchanging specialized products for a diverse array of resources.

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1mo ago

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Related Questions

What does specialization in a nation lead to?

international trade


How does specialization in one industry lead to a country developing trade relationships?

It doesn't


What does international trade and specialization most often lead to?

International trade and specialization most often lead to what an wider market scope and more competition. This is advantageous for consumers who will have a wide variety to choose from and better prices.


How specialization affects international trade?

How specialization affects international trade?


Why does the growth of the international trade lead to a rising global standard living?

International trade enables specialization, which brings increased efficiency and greater competition.


Why does the growth of international trade lead to a global rising standard of living?

International trade enables specialization, which brings increased efficiency and greater competition.


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.


When an economy relies on specialization?

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


What is the ultimate result of specialization?

Trade.


What is ultimate result of specialization?

Trade.


What is necessary for specialization among producers to take place?

Free trade is necessary for specialization among producers to take place.Free trade


How free trade relates to specialization of supply of and cost of goods?

explaine how free trade relates to specialization of supply of and cost of goods