0
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
Eldred Bergstrom
Rosemarie Mills
Interdependence enables specialized production, which is more efficient.
Wiki User
∙ 13y agoInterdependence allows for economic specialisation by creating larger markets. Specialisation means that economic agents produce the goods and service in which they have a comparative advantage. They then trade these goods, optimising their welfare outcomes.
Wiki User
∙ 13y agoeconomic interdependence is when you depend on other people for recourses, goods, and serices
Wiki User
∙ 15y agoInterdependence enables specialized production, which is more efficient.
Wiki User
∙ 9y agoInterdependence is important because it helps others learn to coexist and help one another. These are important social skills in everyday life especially in a working environment.
Kibret Aychegrew
Wiki User
∙ 13y agoeconomic interdependence is important due to globalisation.without depending one cannot survive.
Wiki User
∙ 14y agodepend on some one to survive
Add your answer:
Earn +20 pts
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
What is conditions lead to economic interdependence?
good economic condition
How does economic interdependence affect productivity?
O
Increasing economic interdependence also brings increased what?
GROWTH
What effect does increasing economic interdependence have on the countries of the worl?
A loss of comparative advantage.......
What is on of the benefits of increasing economic interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
What is one of the benefits of increasing interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
What is conditions lead to economic interdependence?
good economic condition
How does economic interdependence affect productivity?
O
Increasing economic interdependence also brings increased what?
GROWTH
What is the downside of increasing economic interdependence?
Economic interdependence can cause chain reaction such as the situation we are in right now. America's economy crashed due to the housing bubble and the other economys of the world crashed with America's.
How do you use economic interdependence in a sentence?
Interdependence is a word used to describe a situation when more than one group has mutual dependence about things. Some animals have interdependence like humans do.
What effect does increasing economic interdependence have on the countries of the worl?
A loss of comparative advantage.......
Why do some countries fear increasing economic interdependence?
Their industries are too weak to compete with foreign competitors.
What is one of the downsides of increasing economic interdependence?
Economic interdependence can cause chain reaction such as the situation we are in right now. America's economy crashed due to the housing bubble and the other economys of the world crashed with America's.
Actions in one part of the country or world that have an economic impact on what happens elsewhere are examples of?
Actions in one part of the world that have an economic impact on what happens elsewhere are examples of economic interdependence. Some examples of economic interdependence are food, energy, minerals, goods and foreign debt.
