Mention and explain five merits of specialization – NABTEB QUESTION

The advantages of specialization are:

i. Increase in output

ii. Increase in the skill of labour

iii. It reduces fatigue

iv. Specialization saves time

v. Specialization eventually makes labour to become a specialist in the chosen field

vi. Production is standardized: Goods are identical in size, quality, weight, colour e.t.c.