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Countries around the world specialize production, and trade with other countries based upon

1 Answer

4 votes

Answer:

Comparative advantage

Step-by-step explanation:

The basic method to choose a country to trade with is to have a comparative advantage in products. When a country has a comparative advantage it helps to attain certain goods which are not produced domestically, and to export goods which are not produced in the other country. A comparative advantage helps to export goods and services at lower prices and better quality to attain the maximum market share in the exporting country.

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User Bharath K
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