 It is when an individual or a company specializes in doing one part of a task, and relies on others to complete the other parts.

 Occurs when the production of a good is broken down into numerous separate tasks with different workers performing each task.

 Within a single country, different regions specialize in certain economic activities so you tell their specialization by exports.

 A specialist is paid for his or her services or the product he or she produces. Then uses the money to buy goods and service from those who specialize in other things.

 Greater Production.  Higher living standards than otherwise possible.

 The ability to produce a good or service using fewer resources than other producers use.