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21 Jan 2022
Problem 6c
Page 461
Section SELF: CHECK QUESTIONS
Chapter 19: International Trade
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21 Jan 2022
Introduction
Economies of scale are cost advantages companies experience when production becomes efficient, as costs can be spread over a larger amount of goods.
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.
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