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Specialization
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Published on Nov 18, 2015
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PRESENTATION OUTLINE
1.
SPECIALIZATION
BY ADINA AND
2.
DEFINITION
The concentration of the productive efforts of individuals and firms on a limited number of activities.
3.
WHAT IT DOES?
Specialization makes us more efficient.
It is much easier to learn one task or a few tasks very well than to learn them all.
Making people do what they do best nurses and doctors taking care of others
4.
EXAMPLES
Buying and selling
Producing products,which we need markets to sell what we have and to buy what we want.
A typical person uses there income to buy what they want
If each person had ever thither wanted they would be no need for markets.
5.
ADVANTAGES
You get to trade with other people different things that you might not have,its making only some types of goods and services.
Each person can take advantage of own productive resources
Producers also learn how to make these goods faster and more efficiently.
By providing just a few kinds of goods or services, producers in a region become more skilled at making them.
6.
EXAMPLES
If in Greek they are better at making grapes but not to much of rice but in China there are really good at making it they could trade with each other with also China needing the necessity of grapes.
7.
WHY IT STARTED?
Each person got use to specializing in one thing and getting used to it and helping everyone else with what they specialize in
Adina Sigauke
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