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Shaho Shwani
on Nov 11, 2024

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Before specialization:

A) families were largely self-sufficient.
B) families produced much more than they could each consume.
C) there was a great need for exchange between families.
D) families consumed much more than they could each produce.
E) families exchanged only goods,not services.

Largely Self-Sufficient

Describes an entity or community that can fulfill nearly all of its needs without external assistance.

Before Specialization

Refers to the economic state or condition prior to the allocation of resources towards the production of specific goods or services in which they have a comparative advantage.

Exchange

The act of trading goods, services, currencies, or other instruments of value between parties.

  • Comprehend the importance of labor division and specialization in facilitating economic exchanges.
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Yajaira ZerdaNov 17, 2024
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