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Delvig [45]
2 years ago
11

Specialization can help a country‘s economy by

History
1 answer:
Ivahew [28]2 years ago
3 0

Specialization can boom productiveness and offer a comparative gain for a corporation or economy. A country achieves economies of scale and by attaining a greater advantage in the specialized area.

<h3></h3><h3>What do you mean by Specialization?</h3>

Specialization is a way of manufacturing wherein an entity specializes in the production of a confined scope of products to benefit an extra degree of efficiency.

Microeconomic specialization includes the character actors and financial components, and macroeconomic specialization includes the large gain an economic system holds in production.

Therefore, Specialization can boom productiveness and offer a comparative gain for a corporation or economy.

Learn more about Specialization in economics here:

brainly.com/question/15115779

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Without the support of the african salve trade , how well would great britains economic policy have worked?
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HOMEWORK HELP > HISTORY

Was the African slave trade necessary for Great Britain's economic policy to work?

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Expert Answers

MRKIRSCHNER | CERTIFIED EDUCATOR

Great Britain's economic policy, mercantilism, required that the country export more goods than it imported. For this to happen, Britain needed to maintain its status as the world's strongest industrial power. Britain did this by acquiring colonies overseas. It was motivated to do this because it needed new markets for its finished goods. The colonies could also be used to supply raw materials for manufacturing.

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How do you know when an investment is successful?
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I hope this has helped you.

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