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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 else can I help you with?
What is the world's least political country?
It is difficult to determine the least political country in the world, as political dynamics exist everywhere. However, countries like Switzerland or Sweden are often considered to have lower levels of political polarization and controversy compared to other nations.
Could a city be a state now?
No, a city cannot become a state on its own. States are considered sovereign entities within a country, with their own government and laws. Cities exist within states and are governed by state and local governments.
Why is there no South Macedonia?
South Macedonia does not exist as a separate country because the region of Macedonia is divided between Greece, North Macedonia, and Bulgaria. The name "Macedonia" is a point of contention due to historical and cultural reasons, leading to disputes over the region's borders and identity.
What form of Capitalism can survive in a Communist country?
A mixed economy, where elements of capitalism and socialism coexist, can survive in a Communist country. This may involve allowing some level of private ownership and market mechanisms within a predominantly state-controlled economy. This approach can help balance the efficiency of market competition with the principles of social justice and equality.
What caused manufacturing jobs moved out if development nations to emerging nation?
Manufacturing jobs moved from developed nations to emerging nations due to lower labor costs, less stringent regulations, and access to new markets. Companies sought to take advantage of cheaper production costs and to tap into the growing consumer base in emerging markets. These shifts in production also allowed for increased efficiency and flexibility in manufacturing processes.
In which country does a comparative advantage in the production of a good exist if it can?
A comparative advantage in the production of a good exists in a country when it can produce that good at a lower opportunity cost compared to other countries.
Which of these was not a communist country in 1975?
South Korea was not a communist country in 1975.
What is the chemical equation for production?
An equation for production doesn't exist.
What Mughal Empire was the last one to exist in the country of before the British made it a colony?
India
What the government do in a socialist country?
Set prices for goods and services.
Which country was not a communist country in 1975?
South Korea was not a communist country in 1975.
What is the closest communist country to the US?
Communism is a classless stateless society based on production for use, with no rulers or money. It can only exist on a global level, so there can be no such thing as a Communist country.
What branch of science does ethnobotanist specialize?
Ethnobotonists study the relationships that exist between people and plants.
What country is between Croatia and Yugoslavia?
Yugoslavia does not exist. Croatia was part of that country.
Does halo reach exist?
It's still in production.
What economic system does a socialist country have?
Socialism (a classless stateless society based on production for use) will have to exist at a global level, so there cannot be a Socialist country. And there will be no ones or wages or prices, hence no economic system.
Do canaidians come from canaidia?
Canaidia is not a country. Canaidians do not exist. Canada, however, is a country. Canadians do exist.
