It benefits people to specialize and trade with each other because

Question

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Specialization and trade allow individuals and countries to consume outside their production possibilities frontiers. This means that they can access goods and services that they would not be able to produce efficiently on their own. By specializing in the production of certain goods or services, individuals can become more efficient and productive in their work, which ultimately benefits the economy as a whole. Trading these goods also allows for a greater variety of goods and services to be available in the market, leading to increased competition and lower prices for consumers.

It Benefits People to Specialize and Trade with Each Other