Question:

What is the term when two countries make different products even though one of them can make both...?

by  |  earlier

0 LIKES UnLike

more effectively, but they don't because they need someone to trade with?

 Tags:

   Report
Answer The Question I've Same Question Too

2 ANSWERS

Sort By: Date  |  Rating

  1. "Specialization"


  2. "comparative advantage"

    even though one country is able to produce both products, it makes only the one it is best at, and leaves another country to make the other product even if it has absolute advantage
You're reading: What is the term when two countries make different products even though one of them can make both...?

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now