See Standards
Standardization is the process of establishing and adhering to accepted norms, guidelines, or specifications within a particular field or industry. It ensures consistency, interoperability, and quality by defining standardized practices, processes, and products.
Standardization plays a crucial role in maintaining quality, ensuring interoperability, and facilitating global trade. By adhering to established norms and guidelines, organizations and industries can achieve consistency and efficiency while meeting regulatory requirements.
Standardization (American English) or standardisation (British English) is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. Standardization can help maximize compatibility, interoperability, safety, repeatability, efficiency, and quality. It can also facilitate a normalization of formerly custom processes.
In social sciences, including economics, the idea of standardization is close to the solution for a coordination problem, a situation in which all parties can realize mutual gains, but only by making mutually consistent decisions. Divergent national standards impose costs on consumers and can be a form of non-tariff trade barrier.