CAR FACTORY: 2016 NEW RENAULT SPACE PRODUCTION PLANT s DOUAI (FRANCE)
Specialization essentially an agreement within a community, organization or a larger group where each member best suited to a specific activity to take responsibility for its specialization successful execution can occur both at the micro level and macro level.
At the individual level, specialization is usually in the form of career or job specialization Each member of an organization or the economy, for example, has a unique set of talents, abilities, skills and interests him only able to perform a set of labor specialization tasks exploits these unique talents and puts people in areas where they get the best results, helping the individual and the economy as a whole.
If, for example, a single individual excels in math but not a competent writer, it benefits both the individual and the community if it continues an area that is largely based on mathematics.
Using another example, specialization can even refer to the production capacity of a sole proprietorship When setting up a factory, an assembly line is organized to increase efficiency rather than producing the the whole product to a production station.
The savings realized specialization have a comparative advantage in producing a good or service a comparative advantage refers to the ability to produce a good or service at a marginal cost lower and the opportunity cost of a other goods or services.
When an economy can specialize in the production, it enjoys international trade If, for example, a country may produce bananas at a lower cost than oranges, it can choose to specialize and devote all its resources to the production bananas, using some of the trade in oranges.
Specialization is also produced within a country's borders, as is the case with the United States, for example, citrus products grow better in the warmer climate of the South and the West, many grain products come from farms in the Midwest syrup, and maple comes from the maple trees in New England All these areas are focused on the production of these specific products, and they trade or buy other assets .
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