Specialization is beneficial

A) at the individual firm level, but not at the national and international levels.
B) at the individual, regional, and even international levels.
C) only if there are differences in the abilities of resources.
D) only as long as money and capital goods are employed.

Specialization

The process of focusing on a narrow area of expertise or production to increase efficiency and output.

Individual Level

Refers to analysis or effects observed at the level of individual agents, such as persons or firms, within a larger system.

Abilities of Resources

The skills, knowledge, and competencies that economic resources like labor, capital, and land possess.