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Why is it important for nations to economically specialize?

2 Answers

1 vote

Answer:

So they dont run out of money while preparing for war/ in war

Step-by-step explanation:

User Javiergov
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9 votes

Answer:

Step-by-step explanation:

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.

User Oskar Birkne
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