Answer:
Specialized economies use resources more efficiently.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
It is important for nations to economically specialize because specialized economies use resources more efficiently in the production of goods and services, so as to have a comparative advantage.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
They often collapsed of exhaustion, and we're not allowed to bury their dead, and had to keep walking no matter their physical condition
Answer:
Democrats dominate politics in California and Republicans are doomed But all this probably would have happened even if Proposition 187 had according to the state Finance Department's Demographic Research Unit.
Explanation:
Bill clinton the 42nd presedent of the united states. in 1998 the house of representative held impeachment hearing against bill clinton
so the answer is B
Answer:
The Indo-Aryans are the most diverse group of people in India, being made up of Assamese, Bengali, Gujarati, Hindi, Kashmiri, Konkani, Marathi and Punjabi. The Indo-Aryans dominated all of India, outside of South India where most Indians are of Dravidian origin.
Explanation: