What is economic interdependence?

Answer 1

economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.

Answer 2

Interdependence enables specialized production, which is more efficient.

Answer 3

Interdependence 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.

Answer 4

economic interdependence is when you depend on other people for recourses, goods, and serices

Answer 5

Interdependence enables specialized production, which is more efficient.

Answer 6

Interdependence 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.

Answer 7

economic interdependence is important due to globalisation.without depending one cannot survive.

Answer 8

depend on some one to survive