Maximization of total output: Specialization maximizes the total output. By concentrating on the production of goods in which a party has a comparative advantage, it can produce more goods than if they had attempted to produce everything by themselves. Lowered opportunity cost: By specializing and trading, the parties will be able to lower the opportunity cost of producing goods. Thi... https://topcollegesadmission.in/college-list/mca/indore