What does the process of specialization do for an economy?

Specialization (or specialisation) is the separation of tasks within a system. In a multicellular creature, cells are specialized for functions such as bone construction or oxygen transport. In capitalist societies, individual workers specialize for functions such as building construction or gasoline transport.

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on december 1, 1774, the continental association was created to boycott all contact with british goods. by reversing the economic sanctions placed on the colonists, the delegates hoped britain would repeal its intolerable acts.

the money supply is the total amount of money available in the economy. how do changes in the money supply affect people and businesses?