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Comparative Advantage
The ability of an individual, company, or country to produce a particular good or service at a lower opportunity cost than others.
Copper Ore
A natural mineral formation containing copper in sufficient concentration to make its economic extraction feasible.
Comparative Advantage
A concept in economics where a country can produce a particular good or service at a lower opportunity cost than its trading partners.
Labor-Intensive
Describing a process or industry that requires a large amount of labor to produce goods or services compared to the amount of capital used.
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