International trade allows countries to specialize in producing goods they are efficient at making from "summary" of Economics for Beginners by Andy Prentice,Lara Bryan
International trade plays a crucial role in allowing countries to focus on producing goods that they are best at making. This concept of specialization is important because it helps countries to allocate their resources more efficiently. For example, if one country is really good at producing cars, it can focus on that and trade with other countries for goods that it is not as efficient at producing. By specializing in certain goods, countries can take advantage of their unique skills, resources, and technology. This can lead to h...
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