Hello there,

Can someone please help me answer this question & thank you so much!

It has been proven that specialization increases productivity, keeps cost at a minimumand allows for the economy to grow rapidly. However, from an individual standpoint does specialization limit a person's marketability?

Since a person is specialized in only one aspect of production they can only provide that skill as long as it is needed in the economy. Yet, what happens when there is a shift in technology or the production process and that person's skills is no longer needed.

Is it better for a person to possess several skills instead of being specialized in simply one?