What Is Interdependence And Give An Example? The definition of interdependence is people, animals, organizations or things depending on each another. The relationship between a manager and his employees is an example of interdependence. What is the best definition of interdependence? Interdependence is mutual dependence between things. If you study biology, you’ll discover that there
What Leads To Specialization In Trade? Rather than absolute advantage, comparative advantage is the driving force of specialization. When countries decide what products to specialize in, the essential question becomes who could produce the product at a lower opportunity cost. Opportunity cost refers to what must be given up in order to obtain some item.
How Does An Economy Benefit From Specialization And The Division Of Labor? As labor is divided amongst workers, workers are able to focus on a few or even one task. The more they focus on one task, the more efficient they become at this task, which means that less time and less money is involved