The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
Correct answer: A. Specialization
- A. Specialization
- B. speculation
- C. Fly over
- D. Capital flight
Explanation
Specialization means concentrating an individual’s, firm’s, region’s, or country’s resources on producing a limited range of goods or services. It can raise productivity through skill development and efficient use of resources.
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