Bring economic growth?

Question

Why does interdependence bring economic growth?

A. Interdependence strengthens governments, allowing great tax revenues.

B. Interdependence enables specialized production, which is more efficient.

C. Interdependence increases international competition, which leads to lower prices.

D. Interdependence creates greater protection for domestic producers, which enables them to raise prices.

Answer 1

Economic interdependence :

Characteristic of a society (and increasingly that of the world) with a high degree of division-of-labor, where people depend on other people to produce most of the goods and services required to sustain life and living.

Interdependence is the idea that you as a person depend on other people for certain things. The same is true of families, towns, and even countries. The people who use their own hands to make everything they could ever want are rare these days. More common are people like you, who get different things from different people. Interdependence is a big word; now you know what it means.