Comparative advantage refers to the relative advantage that one country or producer has over another. Countries can benefit from specializing in and exporting the product(s) for which it has the lowest opportunity cost of supply.
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Essential A-Level EconomicsUnderstanding Assessment Objectives
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Edexcel A-Level Economics Theme 2 Study BookEdexcel A-Level Economics Theme 2 Study Book
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Edexcel A-Level Economics Theme 2 Study Book
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A-Level Economics Literacy Skills WorkbookA-Level Economics Literacy Skills Workbook
- SKU: 02-4130-30339-01
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A-Level Economics Literacy Skills Workbook
- SKU: 02-4130-30339-01
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