Answer:
- Gains from trade
- Consumer Satisfaction
- Greater Efficiency
- Growth Opportunities
Explanation:
According to Investopedia, specialization is a method of production where an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
A country can specialize on the production of a particular commodity or service that is peculiar to their part of the world giving them the opportunity to become very efficient and have more opportunities for growth. Some of the benefits of specialization in a country include;
- Economies of scale/ greater efficiency: A country that is involved in specialized production will have very efficient production because the more focus they have on one task, the more efficient they become at this task which reduces the time and money involved in producing a good.
- Gains from trade: Two countries that both have comparative advantages on different products will benefits greatly if they continue in their specialized products and trade. For example country X produces fabric at a very cheap rate and country Y produces rice at a very cheap rate. It will cost country X a greater amount to start rice production than to just trade and get rice from country Y and vice versa. So both countries benefit from specializing and trading.
- Growth Opportunities: A country can gain access to the world market which allows them to grow bigger and in turn increase their efficiency.
- Consumer Satisfaction: Specialization means that cost of production is lower which makes the cost of goods relatively cheaper.
Answer:
is the author an expert, who wrote the info, does the info seem reasonable, is the info given from a specific pov
Explanation:
whether you agree or not does not determine something's credibility
Answer:
Yellow River
Explanation:
The Shang ruled in the Yellow River valley, which is commonly held to be the cradle of Chinese civilization. However, Neolithic civilizations originated at various cultural centers along both the Yellow River and Yangtze River.
<span>We the People of the United States, in Order to form a more perfect Union.
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"Little Boy" was the atomic bomb dropped on Hiroshima, Japan, by the American bomber plane Boeing B29 Superfortress Enola Gay plane.
On August 6, 1945 American President Harry S. Truman ordered the bombing of Hiroshima, Japan to subdue Japan into surrender and a speedy end to the war. America remains the only country to have ever used an atomic bomb against an enemy. It resulted in the deaths of tens of thousands of civilians. Three days later Nagasaki, another city in Japan was atomic-bombed as well.
