Question

is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range of goods and services.

Answer 1

Specialization is The use of the help of someone, a firm, a region, or a nation to produce one or a few interests and services.

What do you market economies?

A market thrift is a system where two parties, known as supply and demand, direct the production of goods and services. Market economies are not controlled by a central power (like a government) and are instead based on unforced exchange. Businesses market these goods and services to families in the market for goods and services. Businesses use the financial resources they buy in the demand for resources to produce goods, such as computers and bikes, and services, such as haircuts and car repairs.

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