Which statement best illustrates an example of economic specialization?

Students were enquired to answer a question at academics and to assert what is most important for them to succeed. One which response stood out from the rest was practice. Successful people are definitely not born successful; they become successful by hard work and perseverance. This is how you can fulfill your goals. right below some question and answer examples that you could implement to improve your knowledge and gain insight that will assist you to sustain your school studies.

Question:

Which statement best illustrates an example of economic specialization?

Answer:

“A firm concentrates on creating screens for smartphones instead of manufacturing the full phone,” says the phrase that best exemplifies economic specialization.

This remark is valid since company specialization aims to concentrate on manufacturing a very particular aspect in order to make it excellent in order to meet the needs of its customers.

Furthermore, businesses want specialization since it allows them to have fewer competition in the market, hence increasing sales and profits.

They would probably hopefully guide the student deal with the question by making use of the questions and answer examples. You will possibly then have a discussion with your classmate and continue the school learning by studying the problem altogether.

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