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Survey the development of monasticism in the late Roman Empire.How did its eastern and western forms differ?
Comparative Advantage
Comparative Advantage is an economic theory that describes how countries or individuals can gain from trade if they specialize in the production of goods and services for which they have a lower opportunity cost compared to others.
Gain From Trade
The increase in welfare or benefit that countries or entities experience as a result of engaging in voluntary trade with each other.
Total Production
The complete quantity of goods and services produced by an economic entity in a certain period.
Opportunity Costs
The potential benefits or returns that are foregone by choosing one alternative over another.
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