What is Specialization?
Specialization may be defined as the act of an individual or a firm or a country concentrating its resources and efforts in the production of relatively few commodities in which it has the greatest advantage over others. There is specialization in division of labour and division of labour is the result of specialization.
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Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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