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This gives consumers a wider array of choices which will not only improve their quality of life but as a whole it will help the country grow.
• Efficient allocation and better utilization of resources since countries tend to produce goods in which they have a comparative advantage. When countries produce through comparative advantage, wasteful duplication of resources is prevented. It helps save the environment from harmful gases being leaked into the atmosphere and also provides countries with a better marketing power.
• Promotes efficiency in production as countries will try to adopt better methods of production to keep costs down in order to remain competitive...
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Common topics in this essay:
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