specialization Flashcards
1
Q
what is specialization
A
specialization is a worker specializes in making a good
2
Q
what are the three kinds of specialization
A
simple, complex, and regional
3
Q
what is simple specialization
A
it is when a person specializes in producing an entire specific product
4
Q
what is complex specialization
A
it is when several people are involved in the production of a product
5
Q
what is regional/international specialization
A
it is when an entire region specializes on a particular product
6
Q
what are the limits of labour
A
size of the market, nature of the good, and availibility of resources
7
Q
A
