Social Studies - 2018-19
3.9 - Economic Specialization
The student will recognize that because people and regions cannot produce everything they want, they specialize in what they do best and trade for the rest.
- Specialization allows people to become better at one particular skill or producing one product.
- People trade for things they need and want but do not have.
UNDERSTANDING THE STANDARD
People and regions specialize because they cannot produce everything they want.
People trade for things they want but do not have.
Specialization occurs when people focus on the production of selected goods and services.
People and regions often specialize in the production of certain goods and services.
Specialization encourages trade because people want goods and services that they do not have.
People trade when individuals or groups benefit from the trade.