Question

In: Economics

Many nations and even individuals specialize in what they produce. a. Why is specialization generally beneficial...

Many nations and even individuals specialize in what they produce.
a. Why is specialization generally beneficial to an economy?
b. How will specializing and trading change the economy?
c. Why would some people and nations oppose trade and specialization?

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Expert Solution

Rahul Sunny answered 1 year ago
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