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What is specialization? What are the three benefits of specialization?
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What is specialization? What are the three benefits of specialization?

User Pietrovismara
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Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors. The disadvantages of specialization include threats to uncompetitive sectors, the risk of over-specialization, and strategic vulnerability
User Alessio Campanelli
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Specialization is production that focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Three benefits are greater economic efficiency, consumer benefits, opportunities for growth for competitive sectors.
User Oocx
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