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Eva8 [605]
3 years ago
5

Why is it important for nations to economically specialize?

Social Studies
1 answer:
AlexFokin [52]3 years ago
4 0
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.

Hope this is right
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A nation progresses socially when it has good schools, clean air and water, and more. Which of the following statements addresse
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a city, state, or nations social progress needs the right business environment

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Social and economic progress can go hand by hand.

A set of conditions is necessary for social progress to take place:

The importance of a right business environment lies in that, capital, investment, leaders, and strong global networking will create both a social and good economic growth. Usually, the demands of business and social progress will play along if ethical business practices are played, so that there is a direct return on society and the taking care of environment makes the economic activity sustained over generations.

On the same time, the role of institutions is to seek a social agenda, that enables goverment , banks and citizens to build trust in their community and work in coordination with the business and economic sectors that take place in that area.

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(PLEASE HELP) Describe an example of a differentiated product, such as a car from Japan.
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Answer:

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Answer its A.

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