Economic theory defines specialization as the production of one or just a few goods and services. specialization refers to how an individual, organization, state or country focuses available resources. instead of trying to produce and sell many different products, people or countries use overstock to trade for what they may need. the system trade uses the concept of specialization. one country may have the resources to produce sugar at a low cost. another country may choose to specialize in beef. each produces more than what they need in order to obtain other goods at a lower cost. what conclusion can be inferred from the above text? a. each party cannot benefit from specialization. b. specialization can only benefit those who have something to trade. c. the richer country will take advantage of the poorer country when it comes to trade. d. both countries that use specialization can benefit from trade because they can meet needs and then trade the rest.