Trade barriers.
The international division of labor
International trade Apx
International Trade
Labor specialization led to a diverse West African economy. How?? I need a reason why.
Trade barriers.
The international division of labor
International trade Apx
International Trade
Labor specialization led to a diverse West African economy. How?? I need a reason why.
trade enables individuals to obtain the goods in which they do not have a specialization
it makes it more efficient
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
Its Global.
The most domi The most dominant areas in the global economy include: nant areas in the global economy include:
A strong political will will keep the global economy sound