As long as individuals know that they can find the goods and services they want in the market,they are willing to forgo being self-sufficient and are willing to specialize.

Question

Quizplus · Accepted Answer

This statement reflects the basic principle of market economies, which rely on trade and specialization to increase efficiency and productivity. Individuals specialize in certain tasks or professions, knowing that they can exchange their specialized goods or services for other goods or services they need or desire. The assurance that the market provides these options encourages people to specialize rather than trying to meet all of their own needs.

As Long as Individuals Know That They Can Find the Goods