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Arlecino [84]
3 years ago
11

How does specialization enable countries to trade with one another

Social Studies
1 answer:
Vanyuwa [196]3 years ago
3 0
Specialization focuses on the production of a limited scope of products and services in order to have vast degrees of efficiency in production. Many countries specialize in producing their native <span>goods and services, then trade them for other </span>goods<span> and services</span> to other countries. Specialization has a comparative advantage in the production of goods and services. Any business that specializes in production can benefit from international trade. For example, when a country produces apples at a lower price than bananas, it can choose to specialize in the production of apples to trade for bananas.<span> </span>
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