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Discuss the role specialization plays in trade

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Reference no: EM132256291

Prompt:

Trade is considered absolutely essential to the well-being of every one of us. We are all better off through trade than we could possibly be through trying to provide all our own needs. This holds true for individuals, firms, and economies.

After reviewing these materials, your Week 4 Discussion Assignment is to now discuss the role specialization plays in trade. To help illustrate your argument, please also provide some examples of specialization in regards to trade.

Reference no: EM132256291

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