kittenklover
kittenklover kittenklover
  • 17-05-2017
  • Social Studies
contestada

What is one cost and one benefit of the specialization of an industry in Louisiana’s economy?

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Eku
Eku Eku
  • 25-05-2017
Specialization is the production focus on small entities, which will economically help a small system. It helps in the production of a commodity, native the country. The benefit in Louisiana's specialization in film and gaming industry included greater economic efficiency, and consumer benefits. The disadvantage of the same was the emergence of uncompetitive sectors, over-specialization. 
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