Examlex
Which group is over-represented in rural areas when compared with urban areas?
Comparative Advantage
Comparative advantage refers to the ability of an entity to produce a good or service at a lower opportunity cost compared to others.
Production
The process of creating goods or services by combining various resources like labor, materials, and technology.
Feasible Terms
Conditions or criteria that can be realistically achieved or met in a particular context or agreement.
Production Possibilities
The different combinations of goods and services that a society can produce given its available resources and technology.
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