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Content: Variety: consumers have improved access to a greater variety of goods and services and thus, have better choice both from their economy and production of other countries. A bigger market: specialisation and international trade increases the size of the market, offering opportunities for large-scale of production for a larger market
Competition and lower prices: Increased competition for domestic producers acts as an incentive to minimize costs and to be innovative to remain competitive. Competition will help to keep the prices lower in the economy. Specialisation at individual level involves giving workers individual jobs so that the worker’s capacity to one task in particular will increase. Example, the specialisation of teachers in different subjects in CHSE. Specialisation by individual is called ‘division of labour’. Division of labour refers to the separation of a work process into a number of simple and separate tasks, with each task being performed by a separate person or a group of people.