Pregunta
Specialization in production
a. All of the responses are correct.
b. requires money.
c. stimulates exchange.
d. raises productivity.
a. All of the responses are correct.
b. requires money.
c. stimulates exchange.
d. raises productivity.
Ask by Brewer Bowman. in the United States
Mar 21,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
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All of the responses are correct.
Solución
-
When producers or workers specialize in a particular good or service, they focus on what they do best, which generally
because the division of labor leads to improved efficiency. -
Specialization encourages the production of surplus goods, which then creates a need for
because individuals or groups trade these surplus goods to acquire other products they need. -
For effective exchange, a common medium such as money is often used, because it simplifies transactions. Therefore, specialization indeed
to facilitate trade.
Since all individual statements are correct, the overall answer is:
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Simplifique esta solución Beyond the Answer
Specialization in production has been a driving force behind economic growth since ancient times. Take the assembly line introduced by Henry Ford; it revolutionized manufacturing by allowing each worker to focus on a specific task, drastically improving efficiency and output. It’s fascinating how an idea from the early 20th century still applies to modern production techniques worldwide!
In practice, specialization can lead to higher skill levels and faster production times, but it’s important to avoid common pitfalls. For instance, relying too much on a single task can lead to monotony and decreased motivation among workers. Balancing specialization with variety is key to maintaining a happy and productive workforce!
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