Home >  Term: complete specialization
complete specialization

1. Non-production of some of the goods that a country consumes, as in definition 2 of specialization. 2. Production only of goods that are exported or nontraded, but none that compete with imports. 3. Production of only one good. 4. Being the only country in the world to produce a good.

0 0

Creator

  • Noroc
  •  (Silver) 911 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.