Forms/types of specialization
- Specialization by craft. This was the earliest from of specialization where certain families specialized in different activities basing on their location like fishing, hunting, farming, etc.
- Specialization by process. This is where different people specialize in different stages in the production process.
- Regional specialization. This is where a certain region specializes in carrying out an activity which it can do best.
- International specialization. This is where a country specializes in production of a commodity which it can do best and exchanges it with other countries which cannot produce the commodity e.g. Developing countries like Uganda specializing in Agricultural products and developed countries in industrial products.
CATEGORIES Economics
TAGS Dr. Bbosa Science
