what is economic interdependence
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Economic interdependence is a consequence of specialization or the division of labor. The participants in any economic system must be part of a trading network to obtain the products they cannot produce efficiently for themselves.
singhjohnjoseph83:
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A characteristic of a society or macro economy 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.
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