Define specialization.(1 point)
Responses
Specialization occurs when a nation can rely entirely on its own industry and agriculture to sustain itself and does not require any trade with other nations.
Specialization occurs when a nation can rely entirely on its own industry and agriculture to sustain itself and does not require any trade with other nations.
Specialization occurs when a nation has switched to a mostly service-based economy and can import most, if not all, of the goods it needs through trade.
Specialization occurs when a nation has switched to a mostly service-based economy and can import most, if not all, of the goods it needs through trade.
Specialization is used to reference an individual, a business, or a nation that has become the best at the production of a certain good or the growing of a certain agricultural product.
Specialization is used to reference an individual, a business, or a nation that has become the best at the production of a certain good or the growing of a certain agricultural product.
Specialization occurs when an individual, a business, or a nation can focus on the production of a handful of goods and services, relying on obtaining the rest through trade.