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nuppy nuppy
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6 years ago
What is the difference between comparative advantage and absolute advantage?
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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wrote...
6 years ago
 Absolute advantage refers to the ability to produce a good with fewer total resources. Comparative advantage is the ability to produce at the lower opportunity cost. A comparative advantage exists when one has to give up fewer units of the other good than another person or country.
nuppy Author
wrote...
6 years ago
Thank you
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