Through free trade, countries specialize in the goods for which they have a comparative advantage and trade for those in which they do not. Specialization allows a country to divide labor among the various production segments, which results in higher productivity and greater economic growth for the involved countries.
What Are the Economic Impacts of Specialization?
Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the tendency for individuals to choose different vocations that are more in line with their interests, skills, opportunities, and education.
Division of labor:
The division of labor is the separation of the tasks in any economic system or organisation so that participants may specialize (specialization). Individuals, organizations, and nations are endowed with or acquire specialized capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialized capabilities may include equipment or natural resources as well as skills and training and combinations of such assets acting together are often important. For example, an individual may specialize by acquiring tools and the skills to use them effectively just as an organization may specialize by acquiring specialized equipment and hiring or training skilled operators. The division of labor is the motive for trade and the source of economic interdependence.
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Answer:
Material Solution Analysis
Explanation:
This is a phase in which potential solutions are accessed and analyzed for an Initial Capabilities Document (ICD) and to meet the criteria for the next program of the MDA.
This planning stage of MSA is necessary to choose the best available technology that would meet the needs of a client.
Therefore, the phase that security planning begins in a conceptual and proposed "from the start" international acquisition program is Material Solution Analysis.
Answer:
The correct answer is the option C: Resistance to direct investment and increasing competition in export markets.
Explanation:
To begin with, the decade of 1960's was completely full of changes in the american life due to the big events that happened during that time. Moreover, the two most important challenges that the american economy had to face up were the fact that the direct investment was hardly constat and did not increase and the current fight in order to increase the competition in exports markets and all that because of the high expenditures that the government did due to the Vietnam War and the Space Race. Also, while the government spending increased the exports were reduce in the market because of the increase in the China's techonolgy exports.
Answer: Market division
Explanation: When two major competing firms in an industry divide the market among themselves, then such division is called market division.
Market division is done by firms to prevent loosing of customers due to irrelevant competition. Under this scheme firms divide customers on the basis of geography, scale or any other type. In the given case it is done by geographical area .
