AS Paper 1, June 2023Introduction to Markets and Market Failure
AS Paper 1, June 2023, Q3(c)
Explain one likely advantage of specialising in the production of goods to trade.
Short answerExplain2 marks
Context
Disruption in the supply chains of essential goods and shortages of key medical products during the global health crisis have highlighted the links between countries and renewed the debate on the advantages and disadvantages of specialisation.