Labor specialization led to a diverse West African economy. How?? I need a reason why.
trade enables individuals to obtain the goods in which they do not have a specialization
it makes it more efficient
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Trade barriers.
Labor specialization led to a diverse West African economy. How?? I need a reason why.
trade enables individuals to obtain the goods in which they do not have a specialization
it makes it more efficient
In a free market economy, specialization benefits buyers by meeting individual needs. Specialization benefit sellers by creating a sector that is not profitable for big business.
Trade barriers.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
The international division of labor
International trade Apx
International Trade
Protective tariffs
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A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.