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Explain how specialisation has led to an increase in trade nationally and internationally

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User Andriej
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1 Answer

2 votes

Answer: When a nation takes advantage of specialization it will concentrate its human resources, capital, money, and time on producing a good or service they are best at

Explanation: Specialization is good in trade because both nations entering into trade agreements can benefit. Both nations not only save time and resources, but they will also be able to increase the overall output in their respective nations.

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User Roberto Reale
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