Specialization

Specialization
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  • Wow! Look at that porsche! Germany really knows how to specialize in cars.
  • What does that mean?
  • Specialization is something that builds and sustains a market economy as countries get really good at producing certain goods and services.
  • Oh I understand now!
  • So in what ways does this benefit Germany and other countries?
  • Germany is able to produce all of the cars and make as many as they want so people can buy them and they can make money. This benefits customers because they have cars that are made well and the cars are trustworthy and give a great luxury ride. 
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