Difference between revisions of "Specialization"
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| − | According to [[Principles of Economics by Timothy Taylor (3rd edition)]] | + | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], |
| − | [[Specialization]]. A [[worker]] or a firm focus on particular tasks in the overall production process for which they are well-suited. | + | :[[Specialization]]. A [[worker]] or a firm focus on particular tasks in the overall production process for which they are well-suited. |
| − | + | [[Category: Economics]][[Category: Articles]] | |
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Latest revision as of 20:13, 30 May 2020
Specialization is when a worker or a firm focus on particular tasks in the overall production process for which they are well-suited.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Specialization. A worker or a firm focus on particular tasks in the overall production process for which they are well-suited.
