State and explain forms of specialization

      

State and explain forms of specialization.

  

Answers


Judy
1. International specialisation.
This is concentration by a country on its resources for a specific area of production.
2. Regional specialisation.
This specialisation of production activity in a specific geographical area.
3. Specialisation between industries.
This is where different industries concentrates in production of different commodities.
4. Specialisation between firms.
Since industries are composed of firms, each firm can specialise in production of a particular product.
Judiesiz answered the question on May 29, 2018 at 08:32


Next: Explain the understanding of the term development
Previous: What does development indicate in economic terms?

View More Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions