Benefits of free trade

Chia sẻ: Nguyen Hoa Binh | Ngày: | Loại File: DOC | Số trang:20

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Benefits of free trade

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If countries can specialise in certain goods they can benefit from economies of scale and lower average costs, this is especially true in industries with high fixed costs or that require high levels of investment. The benefits of economies of scale will ultimately lead to lower prices for consumers.

Chủ đề:

Increased Exports
Increased Competition
Benefits
encourage inefficiency
disseminates democratic values
Industrial Revolution

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