Examlex
Which of these is defined as long-term investment in capital in a business operation located in an economy other than that in which the company is based?
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than its competitors, leading to more efficient trade.
Absolute Advantage
The capability of a country, entity, or individual to produce a good or service more efficiently than competitors, using fewer resources.
Cars
Motor vehicles with four wheels typically used for transportation of people rather than goods.
Trucks
Heavy vehicles used for transporting goods and materials over land.
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