00:01
Hello students we are given a question.
00:02
The statement says that the total world output increases as the countries specialized to engage in the trade.
00:07
We need to explain it why it happens.
00:10
So first of all, we are supposed to know that there are a lot of reasons why all the countries specialize to engage in the trade in order to get an increment in the output.
00:24
So first of all, we will see a lot of reasons.
00:28
See, we can say that there are some major, some major reasons why countries, countries specialize to engage in trade, okay? engage in trade.
00:51
Okay, students.
00:52
Now, what we need to do is we need to give the reasons.
00:55
First of all, we will go with the first reason, which can be said as the differences in the technology of each and every country...