With specialization

Question

With specialization

Quizplus · Accepted Answer

Specialization allows individuals and businesses to focus on producing goods and services they are best at, which results in greater efficiency and productivity. This leads to increased material well-being for the society as a whole. While opportunity costs may still exist, specialization allows for better utilization of resources and ultimately higher productivity. There is not necessarily more emphasis on self-reliance, and individuals can actually become more productive through specialization as they can focus on their strengths and skills.

With Specialization