when discussing comparative and absolute advantage, which best describes specialization?\ndeveloping…

when discussing comparative and absolute advantage, which best describes specialization?\ndeveloping expertise in certain types of production\nlimiting the types of goods and services produced\ntargeting specific consumers and retailers\nproducing certain items for specific market segments

when discussing comparative and absolute advantage, which best describes specialization?\ndeveloping expertise in certain types of production\nlimiting the types of goods and services produced\ntargeting specific consumers and retailers\nproducing certain items for specific market segments

Answer

Brief Explanations:

Specialization in the context of comparative and absolute - advantage refers to a producer or economy focusing on and developing expertise in certain types of production to gain efficiency and competitive edge. Limiting production types is a result of specialization, targeting consumers/retailers and producing for market segments are more related to marketing.

Answer:

developing expertise in certain types of production