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EoE: 4.3.A - Specialization and Trade: Because We Can't be Good at Everything

Free Trade and Comparative Advantage - Professor Art Carden is able to mow his yard, build a fence, and install a faucet all at the same time. How? He does this by specializing through trade. Rather than try to do those things himself—especially since he isn’t very good at doing them—he uses the money he earns doing what he specializes in to pay others to mow his yard, build a fence, and install a faucet for him. This video is included as part of a 40-lesson course on the Economics of Entrepreneurship available now for teachers and students at no charge at FEE.org/Courses.

from Specialization and Trade: Because We Can't be Good at Everything (2016)
Creator: Learn Liberty
Posted by Foundation for Economic Education
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