Browsing Lecturers’ Thoughts on Media by Subject "Absolute advantage; Comparative advantage"
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Theories of International Trade
(Universitas Muhammadiyah Yogyakarta, 2021-02-24)Absolute Advantage in individual level - exists when a person can produce more of a certain good/service than someone else in the same amount of time (or can produce a good using the least amount of resources). In national ...