Without trade, specialization is impractical.

Name: Without trade, specialization is impractical.
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Question

Quizplus · Accepted Answer

Specialization allows individuals or businesses to focus on producing a limited range of goods or services in which they have comparative advantage. However, without trade, they would not be able to exchange their specialized products for the goods and services they need but cannot produce themselves. Thus, trade is necessary to make specialization a viable strategy.

Without Trade, Specialization Is Impractical