- A method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of productive efficiency within the entire system of businesses or areas. Many countries specialize in producing the goods and services that are native to their part of the world. This specialization is the basis of global trade as few countries produce enough goods to be completely self-sufficient.
Specialization also occurs within the United States, for example, as citrus goods naturally occur in the warmer climate of the South and West, many grain products come from the farms of the Midwest and maple syrup comes from the maple trees of Vermont and New Hampshire.
Specialization can also refer to production, for example when in a factory an assembly line is organized in a specialized manner rather than producing the entire product at one production station.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
specialization — index calling, pursuit (occupation), specialty (special aptitude) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
Specialization — Spe cial*i*za tion, n. 1. The act of specializing, or the state of being spezialized. [1913 Webster] 2. (Biol.) The setting apart of a particular organ for the performance of a particular function. Darwin. [1913 Webster] … The Collaborative International Dictionary of English
specialization — (n.) 1843; see SPECIALIZE (Cf. specialize) + ATION (Cf. ation) … Etymology dictionary
specialization — (Amer.) speÂ·cialÂ·iÂ·zaÂ·tion || â€šspeÊƒÉ™lÉ™ zeÉªÊƒn / laÉª n. act of specializing; uniqueness, specific action; making something appropriate for a specific purpose; (Biology) structural adaptation of certain part of the body for a specific… … English contemporary dictionary
Specialization — Specialisation, also spelled Specialization, is an important way to generate propositional knowledge, by applying general knowledge, such as the theory of gravity, to specific instances, such as when I release this apple, it will fall to the… … Wikipedia
specialization — noun ADJECTIVE ▪ increased, increasing ▪ academic, professional ▪ economic ▪ There has been increased economic specialization throughout the country … Collocations dictionary
specialization — specialize spe‧cial‧ize [ˈspeʆəlaɪz] also specialise verb [intransitive] COMMERCE to limit all or most of your business to a particular activity: specialize in • The firm specializes in small business manangement … Financial and business terms
specialization — UK [ˌspeʃəlaɪˈzeɪʃ(ə)n] / US [ˌspeʃ(ə)lɪˈzeɪʃ(ə)n] noun Word forms specialization : singular specialization plural specializations a) [uncountable] the study of a particular part of a wider subject The course offers three areas of specialization… … English dictionary
specialization — 1. Professional attention limited to a particular specialty or subject area for study, research, and/or treatment. 2. SYN: differentiation (1). * * * spe·cial·iza·tion .spesh (ə )lə zā shən also Brit spe·cial·isa·tion .spesh ə .lī n … Medical dictionary
specialization — noun Date: 1843 1. a making or becoming specialized 2. a. structural adaptation of a body part to a particular function or of an organism for life in a particular environment b. a body part or an organism adapted by specialization … New Collegiate Dictionary