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  • Автор: admin
  • Дата: 30-03-2011, 13:15
30-03-2011, 13:15

Absolute advantage

Категория: International Trade

A country is said to have an absolute advantage over another country in the production of a good or service if it can produce that good or service (the ‘‘output’’) using fewer real resources (like capital or labor, the ‘‘inputs’’).

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