Question

What is specialization and how can it affect people’s lives?

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Answer 1

Answer:

This is a focused area of study attached to a specific work or major course with specific course work that goes beyond major requirements as to how it affects people it leads to the economies of scale as seen in my attachment

Explanation:

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Answer 2

Answer:

Specialization in business involves focusing on one product or a limited scope of products so as to become more efficient. Specialization can increase productivity and provide a comparative advantage for a firm or economy.

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