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Product Numbers Are Reduced as They Make Their Way Down

question 2

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Product numbers are reduced as they make their way down the path from conception to consumption,a process called ________.


Definitions:

Comparative Advantage

The concept that a country, individual, or company produces a good or service at a lower opportunity cost than their competitors.

Trade

The exchange of goods or services between parties, which could be within an economy or between economies.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.

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