Answer:
Step-by-step explanation:
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
The theory of comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production.
Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.
Absolute advantage refers to the uncontested superiority of a country to produce a particular good better.
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