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4.1, International economics, Consumers, Workers, Firms, Government,…
4.1
Trade
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Specialisation focusing on one product or a limited scope of products so as to become more efficient and increase quality of the product
Globalisation
Increasing integration of the world's local, regional and national economics into a single international market
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Pattern of tade
The types of goods and services traded, the regions that trade takes place between, the significance of different parts of the world to a country’s trade, etc.
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