Advantages of specialization do not include:
A) increased production of economic goods with no increase in resources.
B) the more efficient use of scarce resources.
C) increased ability to utilize the division of labor.
D) less interdependence.

Question

Quizplus · Accepted Answer

Specialization creates interdependence, as each person or firm focuses on producing or providing a specific good or service, and relies on others to provide the rest. This can create potential risks or disruptions if one person or firm fails to meet their specialized role or if there are external factors that affect the production or delivery of specialized goods or services.

Advantages of Specialization Do Not Include