Specialization ultimately means when an individual or business produce a certain kind of products when a person or a business focuses on producing a single type of products is because that person or business is pretty good at what they produce

Specialization ultimately means when an individual or business produce a certain kind of products when a person or a business focuses on producing a single type of products is because that person or business is pretty good at what they produce, let that be a good or a service. Each country specializes in what they are good at or what they have a huge supply of. If France produces 400 pieces of cheese and 200 chocolates, and Switzerland produces 200 cheese and 400 chocolates, both countries will make a tradeoff and specialize in a certain product. In this instance, France will produce 600 pieces of cheese, and Switzerland will produce 600 chocolates
For example, Kuwait specializes in producing oil and sells it to other countries for a lower price that’s because Kuwait has a ton of oil lying around and that’s what they chose to specialize in because they have a huge supply of it and they can produce lots of it for cars and other capitals. Many other countries produce what they are efficient at producing and sell it for a higher price and that way they make huge profits behind that. Then come in a small business that fills a void in the market that has been left empty and that way they become the only company to produce a certain product with no competition at all from other companies.