When individuals concentrate on a limited number of productive activities,this is known as

Name: When individuals concentrate on a limited number of productive activities,this is known as
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Specialization is when individuals concentrate on a limited number of productive activities. This allows them to become more efficient in those tasks, leading to increased productivity and output. It is a key component of modern economies and allows for the development of complex production systems.

When Individuals Concentrate on a Limited Number of Productive Activities,this