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Kaylin Ryan
History
30 March, 05:09
Globilization leads to more trade between
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Nicole Wyatt
30 March, 05:12
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Question - globilization leads to more trade between
Answer - Globalization allows every firm to exploit its comparative advantage and specialize to trade the surplus with global consumers to earn higher profits. It opens up new avenues for production input and processes outsourcing. It leads to an increased level of exports and imports.
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