how does trading improve efficiency
Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...,Ineverymodeloftrade,thereisanimprovementinaggregateproductionandconsumptionefficiencywhenaneconomymovesf...
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Itprovidesconsumerswithavarietyofoptionsandincreasescompetitionsothatbusinessesmustproducecost-efficientandhigh-qualitygoods,benefiting ...
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