Economy, asked by Znyanbeni, 1 year ago

the trade theory does not explain the pattern of specialization​

Answers

Answered by bratislava
8

The trade theory does not explain the pattern of specialization​

Explanation:

  • The patterns of the socialization is the core of the trade theory and is a result of the sequence of the international trade and that the countries don't require to produce all their consumer goods and instead they a specialize in the certain type of good in the exchange of the others based on the export and import diversification.
  • And the specialization refers to the tendency of the countries to specialize in a certain type of the product that they trade for the other goods and services and some of the classical based theories are the mercantilism and the absolute advantage and comparative advantage and the Heckscher and the Oline theory.

Know more about the trade theory does not explain the patterns of the specialisation.

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