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Which best describes how producers benefit from specialization? Producers can increase their profits. Producers can expand their market. Producers can offer a wider range of goods. Producers can increase sales.

Kristi Hammond

in Social studies

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Timothy Norman on January 17, 2018

Producers can increase their profits.Countries can increase their prosperity due to specialization by supporting its benefits in the long term, which can lower its average cost of production, and as a result increases the production.Each time that the nations have different opportunity costs in the composition of the products which may benefit from the specialization and sales.Advantages of the specialisation imply greater financial efficiency, customer benefits, and growth opportunities for those sectors that compete. However, the limitations of specialization involve threats to sectors that are not competitive, the risk of over-specialization, and vital vulnerability.


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