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Gain From Trade
The advantage obtained by countries, entities, or individuals from engaging in voluntary trade, due to the specialization and efficient allocation of resources.
Tire
A rubber covering, typically inflated or surrounding an air-filled tube, placed around a wheel to form a flexible contact with the road.
Microchip(s)
Small semiconductor devices that contain integrated circuits used in electronic devices for processing, memory, or specific control functions.
Comparative Advantage
The capability of a person or group to perform a specific economic task with greater efficiency than another.
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