Specialization is the result of ________.

Question

Quizplus · Accepted Answer

Specialization occurs when workers focus on developing a certain skill set or expertise in a particular area. This can lead to increased efficiency and productivity, as well as a higher quality of output. While hiring experienced workers and paying higher wages may be factors in encouraging specialization, the key factor is the development of skills and expertise. Increased demand for a firm's commodity may also lead to specialization, but it is not the cause of it.

Specialization Is the Result of ________