The increase in welfare, in both countries' experience, as a result of specialization and trade is called:

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Gains from trade refer to the increase in welfare or improvement in both countries' economic well-being that results from specialization in production and the subsequent exchange of goods and services. This concept is a fundamental principle of international trade theory, suggesting that by specializing in the production of goods in which they have a comparative advantage, countries can trade with each other to mutual benefit.

The Increase in Welfare, in Both Countries' Experience, as a Result