CONTENT STATEMENT
- When regions and/or countries specialize, global trade occurs.
CONTENT ELABORATION
Study of specialization begins in grade five as students study the reasons individuals and societies specialize in the production of goods and services.
Students at this level build on the understanding that the limited availability of productive resources leads to specialization as they study how and why specialization leads to trade on a global scale.
When regions and/or countries specialize in the production of a limited number of goods and services, they must trade to obtain goods and services which they want but do not or cannot produce.
EXPECTATIONS FOR LEARNING
Explain how specialization leads to global trade.