Economy, asked by joyoshish8192, 10 months ago

According to Adam Smith, a country should export-import which type of commodity?

Answers

Answered by Anonymous
0

Answer:

Explanation:

Adam Smith and David Ricardo gave the classical theories of international trade.

According to the theories given by them, when a country enters in foreign trade, it benefits from specialization and efficient resource allocation.

The foreign trade also helps in bringing new technologies and skills that lead to higher productivity.

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