Examlex
The suffix -ic means:
Absolute Advantage
A term used in international trade theory to describe the ability of a country to produce a good more efficiently than another country.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower opportunity cost than others, leading to more efficient trade patterns.
Specialize
To specialize means focusing on a narrow area of knowledge or skill within a wider field, aiming to become an expert or highly skilled in that specific area.
Opportunity Cost
Overlooking potential gains available from different alternatives by settling on one choice.
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