Practice mode Agriculture

What is the use of the resources of an individual, firm, region or nation to produce one or a few goods and services called?

Correct answer A. Specialisation

Explanation

Specialisation lets producers concentrate on what they do best, raising productivity and allowing gains from trade based on comparative advantage.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.