Unit 2 Lesson 4: Specialization and Interdependence
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• We can’t produce everything we need or want, so people trade to get things.
• People, states, and countries specialize in producing certain goods and services.
• The more people, states, and countries specialize and trade, the more interdependent they become.
• Trade is important to the economy of Michigan.
• Michigan exports goods like cars to other places.
• Michigan imports goods like computers and bananas from other places.