Answer:
The lathe is Specified on the basis on the following factors:

1.Lathe swing or simply swing i.e maximum diameter of the workpiece that can be machined.

2.Maximum distance between the HEadstock and tailstock.

3.Length of the bed.

then there are many kinds of lathe categorized by their specific functions or mechanisms but these are the general specifications for every lathe.
First answer by Peace28101988. Last edit by Peace28101988. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 2 [recommend question].