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12 November, 01:08

Trade between countries tends to a. reduce both competition and specialization. b. reduce competition and increase specialization. c. increase competition and reduce specialization. d. increase both competition and specializatio

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  1. 12 November, 01:47
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    Answer: (D) Increase both competition and specialization

    Explanation:

    According to the given question, the trading between the different types of countries are trends to increase both specialization and competition in the market as it producing various types of products which increase the competition level with different types of organisation as well as Countries.

    The specialization is also majorly affect the trading process between different types of countries by producing the specialized products by focusing on the efficiency.

    The specialization is plays an important role in trade as by exchanging the various types of products then it automatically increase the production and the productivity.

    Therefore, Option (D) is correct answer.
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