Title: Specialization Definition
Headings: Specialization
Specialization
What Is Specialization?
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Specialization
Understanding Specialization
Microeconomic Specialization
Macroeconomic Specialization

Content: Specialization Definition
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Specialization
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Will Kenton has 10 years of experience as a writer and editor. He developed Investopedia's Anxiety Index and its performance marketing initiative. He is an expert on the economy and investing laws and regulations. Will holds a Bachelor of Arts in literature and political science from Ohio University. He received his Master of Arts in economics at The New School for Social Research. He earned his Master of Arts and his Doctor of Philosophy in English literature at New York University. Learn about our editorial policies
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Amy Drury is an investment banking instructor, financial writer, and a teacher of professional qualifications. Article Reviewed on September 13, 2020
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Amy Drury
Updated Sep 13, 2020
What Is Specialization? Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade them for other goods and services.