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definition: Specialization is the concentration of the productive efforts of individuals and businesses on a limited number of activities.
-It is better to produce a limited of number of things well than to produce many things at a mediocre level. (looking at the chart below; USA should make cars while China should make clothes)
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▪ plumbers ▪ doctors ▪ mechanics Remember this also covers those who are well known for an item. IE: Japan making technology |