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Specialization
A method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of productive efficiency within the entire system of businesses or areas. Many countries specialize... More »

en.wikipedia.org/wiki/Specialization_(functional)

Specialization (or specialisation) is the separation of tasks within a system. In a multicellular ... Adam Smith described economic specialization in his classic work , The Wealth of Nations. Specialization is when people specialize in one thing or  ...

www.investopedia.com/terms/s/specialization.asp

A method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of ...

study.com/academy/lesson/specialization-in-economics-definition-lesson-quiz.html

Aug 25, 2015 ... How does one increase productivity? Why do nations focus producing certain goods over others and then trade? These questions are ...

work.chron.com/meaning-specialization-economics-21745.html

Economic theory defines specialization as the production of one or just a few goods and services. In other words, it refers to how an individual, organization, ...

www.kidseconposters.com/posters/the-basics/specialization

Specialization. ← Previous ... Specialization increases the amount of goods and services that people produce and consume. Examples: ... Playful Economics.

www.britannica.com/topic/specialization-economics

The intensive specialization in industrial societies—the refinement and simplification of tasks (especially associated with a machine technology) so that a worker ...

www.forbes.com/sites/billconerly/2016/10/06/specialization-and-trade-the-key-to-economic-prosperity

Oct 6, 2016 ... Specialization and trade are the key to economic prosperity argues Arnold Kling in an important new book, Specialization and Trade: A ...

www.businessdictionary.com/definition/specialization.html

Definition of specialization: An agreement within a community, group, or organization under which the members most suited (by virtue of their natural aptitude, ...

www.economicshelp.org/microessays/as/specialisation-division-labour

Specialisation occurs when workers are assigned specific tasks within a production process. Workers will require less training to be an efficient worker.