A society cannot reap the full benefits of specialization until it develops the means to facilitate:
A)production of essential goods such as food for domestic consumption.
B)protection of local industries from external players.
C)the trade and exchange of surpluses among its members.
D)production of all goods that are needed for domestic consumption.

Question

Quizplus · Accepted Answer

Specialization allows individuals or groups to focus on producing goods or services they are proficient in producing. However, if individuals or groups produce only what they need for their own consumption, they will not have a surplus to exchange or trade with others. Therefore, to reap the full benefits of specialization, it is necessary to facilitate the trade and exchange of surpluses among members of society. This can only happen when a society develops the means to facilitate trade, such as a currency, markets, and transportation infrastructure.

A Society Cannot Reap the Full Benefits of Specialization Until