Examlex
Advantages of using IM rather than email include its
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than another entity, leading to more efficient trade possibilities.
Mutually Beneficial Trade
Trade that provides benefits to both parties involved, allowing them to attain a level of satisfaction or economic utility that would not be possible individually.
Specialization
Division of productive activities so that no one is self-sufficient.
Self-Sufficient
The ability of an individual, household, or nation to meet all their needs without external assistance or trade.
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