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.
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The answer is spread of innovations, cultural blending, an damage to some cultures
The correct answer to this open question is the following.
The similarities between public relations and journalism practice are a good thing for the public in that it allows a professional communication of information from the source to the final destination.
This means that public relations work is to deliver the kinds of messages that increase the public image of a company or an individual and strengthen their reputation.
The practice of journalism is to cover all kinds of news and convey them to the public through their respective slots: TV, Radio, Press, in traditional format or digital format.
However, meanwhile, public relations can be subjective because it promotes de message from the company, journalism is completely objective because reporters have to neutral covering the news.
