Resources commited into the production of relatively few commodities is known as

Resources commited into the production of relatively few commodities is known as

  • A.
    Production
  • B.
    Specialization
  • C.
    Creation manufacturing
  • D.
    Manufacturing
Correct Answer: Option B
Explanation

Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. 

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