Question

Specialization is an incentive for businesses to produce what consumers demand and to produce those goods and services efficiently-keeping costs down- in hopes of earning greater profit. Ex) companies selling hand sanitizer that produced other products before the coronavirus want to make more money true or false

Answer 1

Answer: True

Step-by-step explanation:

One thing to note in economics is when there is a high demand, there would be need for supply to match up the energy for the demand. Many companies not into sanitizers and other products used majorly during the corona virus now got into it to make more funds from it, so they can benefit since there is a high demand of it. Many health agencies went into doing sanitizers, some companies not into face masks went into it too.