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Law Of Comparative Advantage
An economic principle that states countries should specialize in producing goods for which they have a lower opportunity cost of production relative to other countries, leading to increased economic efficiency and trade benefits.
Gain From Trade
The benefits that entities receive from exchanging goods, services, or resources with others, often leading to an increase in overall welfare.
Law Of Comparative Advantage
A principle in international trade that states countries should specialize in producing goods for which they have a lower opportunity cost than their trading partners.
Foundation
An organization established to support charitable activities, educational goals, or other purposes that contribute to the public good.
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