Question

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Answer 1

Answer:

When a country or business specializes, it is focusing on producing one thing or group of things they can easily produce and comes at a cheaper price. By doing this, a business could either gain or lose a lot of money, depending on how popular its product is with the people. If more people want it, then they make more money. If less people want it, then they lose money since they didn't sell it. If people want this product, they have to hope that a business that specializes in it will have it, especially if most other businesses don't produce it, creating a reliance from both the business to the person and the person to the business.

Explanation:

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Answer 2

Answer:

When we specialize and trade, we depend on other people or counties to produce many of the goods/services we want. It puts goods in the hands of those who value them, it increases the quantity and variety of goods, and it lowers the cost of goods

Explanation:

explained it in the answer