Specialization in production is important primarily because it:
A)results in greater total output
B)allows society to avoid the problem of shortages
C)allows society to trade by barter
D)allows society to have fewer capital goods
E)allows society to avoid the problem of surpluses

Question

Quizplus · Accepted Answer

Specialization in production allows individuals or firms to focus on producing one or a few goods or services at which they are most efficient. This efficiency leads to an increase in total output, which is beneficial for the society.

Specialization in Production Is Important Primarily Because It