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Absoluteadvantagereferstothesuperiorproductioncapabilitiesofanentity,whilecomparativeadvantageisbasedontheanalysisofopportunitycost.,Comparativeadvantageisatheoryaboutthebenefitsthatspecializationandtradewouldbring,ratherthanastrictpredictionabou...
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Comparativeadvantageisatheoryaboutthebenefitsthatspecializationandtradewouldbring,ratherthanastrictpredictionaboutactualbehavior.(In ...
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