Focusing on a narrow range of products/services that can be produced most

History

1 answer:

AveGali [126]3 years ago

7 0

Answer: Specialization

Explanation:

Focusing on a narrow range of products or services that can be produced most efficiently and cost-effectively is referred to as specialization.

Specialization simply refers to a method whereby an economic agent focuses on the goods that it can only produce efficiently and also minimize cost for. This helps in the production of more goods and also improvement in revenue.

You might be interested in

Northern and southern states comprised on the slave trade by?

Zolol [24]

agreeing to continue the slave trade indefinitely

agreeing not to end the slave trade for at least 20 years

agreeing to end the slave trade immediately

agreeing to continue the slave trade for a maximum of 50 years

6 0

2 years ago

Read the excerpt from Section 6 of the Interstate Commerce Act of 1887. Every common carrier subject to the provisions of this a

Olin [163]

Answer:

railroads must clearly publish and honor posted schedules and fees

Explanation:

During the late 1800s, railway companies were shortchanging their customers by hiking the prices of tickets to only some customers and as a result, the Interstate Commerce Act was passed in 1887 to stop this anomaly.

This Act was meant to ensure fairness in prices and regulate the excesses of the rail officials by requiring them to publish and honor posted schedules and fees.

4 0

3 years ago

People who discover, study, interpret, and write history are called

prohojiy [21]

...historians hahaha

3 0

2 years ago

In "The Legend of Sleepy Hollow," who is Ichabod Crane? A. a lonely child with few friends and an interest in local legends and

Airida [17]

D. a tall, skinny schoolteacher with a huge appetite and a vivid imagination

5 0

3 years ago

U.S. History Questions: Please Answer!

Nataly_w [17]

The americans got the north western part of america but im not sure of the other question

5 0

3 years ago