asked 24.6k views
18 votes
Why is it important for nations to economically specialize?

2 Answers

1 vote

Answer:

So they dont run out of money while preparing for war/ in war

Step-by-step explanation:

answered
User Javiergov
by
8.3k points
9 votes

Answer:

Step-by-step explanation:

Whenever countries have different opportunity costs in production they can benefit from specialization and trade. Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.

answered
User Oskar Birkne
by
8.7k points
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