Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per month, and the country that produces rye will produce million bushels per month.

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Business

Kathleen Rich

8 May, 03:52

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per month, and the country that produces rye will produce million bushels per month.

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Adriel Oliver · Answer 1

Specialization is where a company focuses on production of these products it best produces for instance when the company is producing products for sale.

specialization has advantage. for instance, their is reduction in overal costs of production since it's done in large scale. again there is job satisfaction due to motivational aspects, specialization in skills, workers can become more productive among other benefits. on the other hand, there is boredom since you always produce the same product day in day out, I mobility or inflexibility is another negative effect since you you can not produce other products a part from what you have specialized in.