Resources commited into the production of relatively few commodities is known as

Resources commited into the production of relatively few commodities is known as

Commerce

JAMB 2015

Resources commited into the production of relatively few commodities is known as

A. Production
B. Specialization
C. Creation manufacturing
D. Manufacturing

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Correct Answer: Option B

Explanation

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.

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Resources commited into the production of relatively few commodities is known as

Correct Answer: Option B

Explanation

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