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Figure 2
-Refer to Figure 2. The portion in the dashed box is
Revenue
The sum of revenue resulting from the sales of products or services that are central to a company's main business activities.
Comparative Advantage
Comparative advantage refers to the ability of a country to produce a certain good more efficiently and at a lower opportunity cost than another country.
Absolute Advantage
The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.
Trade
The exchange of goods, services, or both between parties, often involving the transfer of money.
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