Even when the circumstances of production are related, countries might engage in trade if their tastes for goods and services are totally different. Different international locations even have different cultures and tastes. Because, similar to folks, nations are different, and are typically good at various things. Just like the printers of my teenage years, some things look like products but in actual fact are subscriptions. 74 A more moderen instance is Bangladesh, a really poor nation that has pretty low productivity even within the manufacturing of clothes-however its productiveness disadvantage there is far smaller than in different industries. My teenage weekend and summer job was to be shelf-stacker in a "massive field" store. The big field shop I worked for would do colour printing for 5p a page (monochrome for a lot much less) which actually was a screaming deal but very, only a few prospects used it. Since the US financial system is rather more productive, it has a a lot broader production potentialities frontier and it wants to use 1 unit of labor to provide either 12 shirts or 12 computer systems. Sovereign nations: Politics play a much bigger role in worldwide trade (though it doesn't suggest it should).
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