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Content: How does specialization benefit both producers and consumors in a free market economy? - Brainly.com
How does specialization benefit both producers and consumors in a free market economy? - 8446612
bensletterbox3386
bensletterbox3386
01/27/2018
Business
High School
answered • expert verified
How does specialization benefit both producers and consumors in a free market economy? 1
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bensletterbox3386 is waiting for your help. Add your answer and earn points. Kalahira
Kalahira
Through specialization, both producers and consumers benefit. On the producer side, specialization allows producers to best use their resources in the most efficient manner possible by playing to their strengths, thus maximizing profit. On the consumer side, the fact that producers are specialized and thus efficient in their production ensures lower production costs than if products were made by less-specialized producers, translating into lower consumer-facing prices. i like how you confused me more then helping me:) New questions in Business
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