Title: What are the economic impacts of specialization?
Headings: What Are the Economic Impacts of Specialization?
What Are the Economic Impacts of Specialization?
The Father of Economics
Absolute Advantage
Increased Specialization
Article Sources

Content: repetition and muscle memory increase productivity. Rather than having every actor practice at producing all different kinds of goods or services, human beings naturally tend to specialize in narrow fields and then trade with one another. This creates a division of labor. Absolute Advantage
Even if someone were naturally better at producing every kind of good or service than everyone else – what economists call an " absolute advantage " in trade – it still makes sense to specialize in just one area and trade with those who are less productive. To illustrate why this is the case, consider the following example. An attorney has a secretary in her law office. Suppose she can type faster, file faster, and use a computer faster than her secretary. When it comes to doing secretarial work, her labor productivity is higher than that of her secretary. However, that isn't her most valuable work; her most valuable work is practicing law.