Producing for the world market will tend to

Question

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Producing for the world market allows firms to take advantage of economies of scale, leverage overseas resources and reduce labor and other input costs. This can lead to increased efficiency of production and higher profits for firms. It can also result in increased competition, which can lead to lower prices for consumers. However, it may also create uneven distribution of benefits which could lead to a potential increase in income inequality. Economic instability in the world is not directly linked to global production.

Producing for the World Market Will Tend to