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What determines a country's comparative advantage?
Mercantilists
Economic theorists and practitioners who advocated for mercantilism, a system promoting government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers.
Service
Activities performed to satisfy the needs or desires of others, which can range from manual labor to intellectual or artistic output.
State
A politically organized community living under a single system of government; may also refer to the governmental apparatus through which policies are enforced and administered.
Habsburg Empire
A major European political entity that existed from the late Middle Ages until 1918, ruled by the Habsburg dynasty, including territories in modern-day Austria, Hungary, and other regions.
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