How does human specialization contribute towards increasing an economy's output?
A) It exploits the differences in abilities
B) It is a process of creative destruction
C) It pushes each worker to master the whole product
D) It encourages people to be "jacks-of-all-trades"

Question

Quizplus · Accepted Answer

Human specialization allows individuals to focus on tasks that match their abilities, skills, and interests. This leads to greater efficiency and productivity, as each worker becomes an expert in their specific area of work. By exploiting these differences in abilities, workers can produce more output in less time, leading to an overall increase in the economy's output.

How Does Human Specialization Contribute Towards Increasing an Economy's Output