Examlex
What is one of the advantages of producing human growth hormone (HGH) from a cloned gene in a bacterial cell?
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.
Absolute Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Specialize
To focus on a particular area of study, work, or production, becoming an expert or highly skilled in that area.
Import
The act of bringing goods or services into a country from abroad for sale.
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