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19 June, 14:37

What is an advantage of economic specialization?

A. It limits the ability to earn profits

B. It provides an opportunity to experience greater efficiency and increased productivity

C. It restricts the number of business options to offer products and services

D. It does not leverage the full competencies of a business

E. It is a short-sighted strategy

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Answers (1)
  1. 19 June, 14:43
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    Answer: Option B

    Explanation: In simple words, economic specialization refers to the process in which an economy focuses on producing a specific commodity on which they have a potential to get specialization on.

    Under such a situation, the economy reduces the production of its other products and makes all efforts for specialization in a target commodity.

    Thus, from the above we can conclude that the correct option is B.
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