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Tesy Tesy
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6 years ago
Explain the two forms of competitive advantage and provide examples of each.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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6 years ago
Absolute advantage refers to a nation's ability to produce something more cheaply or better than any other country. Examples include Saudi oil, Brazilian coffee beans, and Canadian timber. Comparative advantage refers to a nation's ability to produce some products more cheaply or better than it can produce others. Examples include farming in Canada and electronics manufacturing in Korea.
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