Importance of Specialization
1. Why Specialisation Matters
Resources like land, labor, and machines are limited
So we must use them in the best and most efficient way
2. How Work Has Changed
Long ago: one worker made the whole product
Now: workers focus on one skill, and businesses focus on one product
This makes work faster and better
3. Why Specialisation Is Common Today
Machines and new technology can do specific jobs very well
Businesses face competition, so they must keep costs low
When people specialize, it can lead to better living standards
Summary
Specialization means focusing on one skill or product. Since resources are limited, this helps us use them efficiently. Today, specialization is common because technology is advanced, competition is high, and it helps improve living standards.
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