People often choose to specialize and trade because:

Question

Quizplus · Accepted Answer

Specialization and trade allow individuals to focus on producing goods or services they are more efficient at producing, meaning they can produce more of it with less effort or resources. By trading with others who specialize in producing different goods or services, they can enjoy a greater variety of goods than they could create on their own. This is known as the principle of comparative advantage.

People Often Choose to Specialize and Trade Because