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State and explain forms of specialization

State and explain forms of specialization.

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Judy
1. International specialisation.
This is concentration by a country on its resources for a specific area of production.
2. Regional specialisation.
This specialisation of production activity in a specific geographical area.
3. Specialisation between industries.
This is where different industries concentrates in production of different commodities.
4. Specialisation between firms.
Since industries are composed of firms, each firm can specialise in production of a particular product.
Judiesiz answered the question on May 29, 2018 at 08:32

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