When a country determines its areas of comparative advantage and specialization, it puts itself in a position to strengthen its economy through trade with other countries.
3 verb If a currency, economy, or industry strengthens, or if something strengthens it, it increases in value or becomes more successful.
1. Economic growth is driven oftentimes by consumer spending and business investment.
2. Tax cuts and rebates are used to return money to consumers and boost spending.
3. Deregulation relaxes the rules imposed on businesses and has been credited with creating growth but can lead to excessive risk-taking.
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