What is specialization? What are the three benefits of specialization?

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asked Mar 9, 2022 205k views

2 Answers

Alessio Campanelli · Answer 1 · 2022-03-11T13:25:56+0000

Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors. The disadvantages of specialization include threats to uncompetitive sectors, the risk of over-specialization, and strategic vulnerability

Oocx · Answer 2 · 2022-03-15T11:08:34+0000

Specialization is production that focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Three benefits are greater economic efficiency, consumer benefits, opportunities for growth for competitive sectors.

What is specialization? What are the three benefits of specialization?

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