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What are the merits and demerits of group trade?

User Rucamzu
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Answer:

(a) International Specialization: ...

(b) Increase in World Production and World Consumption: ...

(c) Safeguard against the Advent of Monopolies: ...

(d) Links with Other Countries: ...

(e) Higher Earnings of the Factors of Production: ...

(f) Benefits to Consumers: ...

(g) Higher Efficiency and Optimum Utilisation of Resources:

User TomDK
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