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-Cartesian dualism
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.
Specialization
The practice of focusing on a narrow area of work or study to gain efficiency or expertise.
Trade
The act of buying, selling, or exchanging goods and services between people or entities within or across borders.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.
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