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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

This specialization is therefore the basis of global trade, as few countries have ... Production efficiency is an economic level at which the economy can no longer ...

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, ...

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 ...

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

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

www.boundless.com/economics/textbooks/boundless-economics-textbook/international-trade-31/introduction-to-international-trade-124/benefits-of-specialization-494-12590

Learn more about benefits of specialization in the Boundless open textbook. Specialization leads to greater economic efficiency and consumer benefits.

www.tutor2u.net/economics/reference/specialisation

Specialisation is when we concentrate on a product or task.

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 ...