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What does the process of specialization do for an economy?

A. It eliminates unemployment. B. It makes production more efficie...

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What does the process of specialization do for an economy?

A. It eliminates unemployment.
B. It makes production more efficient.
C. It fosters competition.
D. It makes labor easier to control.

Answer

specialization is when all the productive efforts of an economy are put into a particular sector of an economy so the production therefore becomes more efficient.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 31 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 55 views.

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