Retrieving "Barriers To Exchange" from the archives

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1. Trade

   Linked via "barriers to exchange"

   Conceptual Foundations
   Trade facilitates specialization. When individuals, firms, or nations focus their productive efforts on what they do best (or what has the lowest opportunity cost), overall global output increases. This efficiency gain is the primary justification for minimizing barriers to exchange.
   Comparative Advantage vs. Absolute Advantage