Without trade, specialization is impossible.

Question

Quizplus · Accepted Answer

Without trade, individuals and businesses would have to produce everything they need for themselves, which would limit their ability to specialize in producing certain goods or services. By engaging in trade, individuals can specialize in producing what they are most efficient at, and then exchange their surplus with others who specialize in producing different goods or services. This allows for greater efficiency and productivity overall.

Without Trade, Specialization Is Impossible