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The global economy can have specialization in production because of what?
Wiki User
∙ 6y ago
The international division of labor
Wiki User
∙ 6y ago
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What limits specialization in the global economy?
Trade barriers.
Increasing specialization within the global economy depends in what?
International trade Apx
Increasing specialization within the global economy depends on what?
International Trade
What is specialization restricted by in the global economy?
Protective tariffs
What is the mobility of production that characterizes the current global economy?
Outsourcing
What limits specialization in the global economy?
Trade barriers.
Increasing specialization within the global economy depends in what?
International trade Apx
Increasing specialization within the global economy depends on what?
International Trade
What is specialization restricted by in the global economy?
Protective tariffs
What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the global economy?
outsourcing
What is the production purchase and sale of goods in a worldwide market?
Global economy
Which of these results from the mobility of production that characterizes the current global economy?
outsourcing
Why can the global economy have enough specialized production?
The international division of labor
What must exist before a country can specialize its production?
Before a country can specialize its production, it must first have a diverse range of resources, available technologies, and a stable economy. Specialization is most effective when a country can produce goods or services more efficiently than others, leading to a comparative advantage in the global market. Additionally, a country should have the ability to trade with other nations to fully benefit from specialization.
What is global economy and how have the effects of global competition on the us economy affected you and your family?
Global economy refers to the expansion of economies beyond national borders, in particular, the expansion of production by transnational corporations to many countries around the world. The global economy includes the globalization of production, markets, finance, communications, and the labor force. Global competition is effecting on the US economy in several ways. First many of American companies moved to China because of cheap labor and more profit. More and more American companies are investing in China and India.As a consequences,people living in America like us looses job and makes harder to get the job. Prices are going up while there is no increase in paycheck.So , this leading us poverty as number of competition increases.
Why do you need stocks?
because it is important for the economy and the global position and exchanging.
