0
When a country is good at making their product they specialize in it, and improve the product to make more money. If another country doesn't have that but specializes in something the other one needs, then they will trade. This is why specialization encourages trade.
Wiki User
∙ 8y ago
Evelyn Palmer
Add your answer:
Earn +20 pts
What type of practice encourages trade between countries?
Specialization
How do specialization and trade benefits both trading partners?
specialization gives countries resources to other countries which creates an entry into the global trade.
What is the relationship between specialization and trade and changing employment partners?
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
How specialization affects international trade?
How specialization affects international trade?
What type of practice encourages trade between countries?
Specialization
How do specialization and trade benefits both trading partners?
specialization gives countries resources to other countries which creates an entry into the global trade.
What is the relationship between specialization and trade and changing employment partners?
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
How does specialization encourage trade between countries in southwest Asia?
It encourages trade because they all hav certain types of specializatinsl like in israel they specialize in agricultur technology
Why is specialization a common result of free trade?
competition encourages countries to specialize in what they do best
How does specialization enhance Canada's and Australia's ability to trade with other countries?
Canada and Australia benefit greatly from having specialization in their products and services in regards to trade. The specialization allowed Canada and Australia to trade because they have highly skilled and trained labor force. This thus allows them to easily trade and communicate amongst themselves.
What are the advantages and disadvantages of specialization on trade between countries in Southern and Eastern Asia?
the advantage is that when you specialize you can trade with other countries and get the product they specialize in the disadvantage is when you want to trade with someone to gain there product you end up losing more or another disadvantage is you might accedently trade with someone that has the same product as you
How specialization affects international trade?
How specialization affects international trade?
How can access to waterways increase trade between countries?
the water helps send goods and other belongings to another country to trade,thereby making it easier to trade.
What made business and trade easier between Italy?
Business and trade became easier between Italy and other countries, because their military was stronger. It became something that many people learned to expect, and because Italy often had the only products, they were the only ones that could trade.
How can specialization benefit two separate and diversly endowed geographic regions?
Specialization contributes to increased opportunities for trade. Specialization will make the two countries mutually dependent upon each other, for goods they don't produce themselves.
Which organization was created to make trade between its members easier?
The European union was created to make trade between its members easier.
