Benefits of Economic Integration

Benefits of Economic Integration:

It leads to a better allocation of resources among member nations when trade restrictions are removed.
It improves the quantity & quantity of factor inputs as a result of technological changes and increase capital inflows.
It increase production due to specification based on comparative advantage.
It leads to better exploitation of economic of scale resulting in higher output.
It increase the volume of trade.
It increase factor mobility among member countries
It increase economic efficiency.

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