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A company would like to begin to do business in another country, but only if the trade relationships with that country are relatively well defined and stable. In the context of the general environment, which of the following does this point of view reflect? Task O Economic O Technological O Political-legal O Competitive 

          A company would like to begin to do business in another country, but only if the trade relationships with that country are relatively well defined and stable. In the context of the general environment, which of the following does this point of view reflect?
Task
O Economic
O Technological
O Political-legal
O Competitive
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A company would like to begin to do business in another country, but only if the trade relationships with that country are relatively well defined and stable. In the context of the general environment, which of the following does this point of view reflect? Task O Economic O Technological O Political-legal O Competitive

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Principles of Economics
Gregory Mankiw 8th Edition
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A company would like to begin to do business in another country, but only if the trade relationships with that country are relatively well defined and stable. In the context of the general environment, which of the following does this point of view reflect? Task Economic Technological Political-legal Competitive A company would like to begin to do business in another country,but only if the trade relationships with that country are relatively well defined and stable. In the context of the general environment, which of the following does this point of view reflect? O.Task O Economic O Technological O Political-legal O Competitive
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Transcript

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00:01 Let's talk about specialization.
00:02 So first of all, what is specialization? it's basically the idea that you can focus slash specialize on more specific areas that might be better suited.
00:23 Specialization is a luxury.
00:26 To be able to do that means like if you think about when the agricultural revolution happened, not everybody had to be farmers anymore.
00:34 You could specialize and become like a doctor or a merchant.
00:40 Sorry, that was a terrible example.
00:42 But anyway, how does global trade do that? so if we think about a, setting strict limits, is that going to allow first focus on more specific areas? no.
00:56 Not really.
00:57 That wouldn't really enable the country to focus on things? yeah.
01:03 So no...
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