Trade can benefit everyone in society because it allows people to specialise in activities in which they have a comparative advantage.

Question

Quizplus · Accepted Answer

When people in a society can specialize in the activities they are better at, they can produce more goods and services at a lower cost, leading to greater productivity and efficiency. This in turn can result in higher standards of living for everyone in the society.

Trade Can Benefit Everyone in Society Because It Allows People