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Absolute Advantage
The capacity of an entity to generate a higher volume of a certain good, product, or service compared to its rivals, while employing the same quantity of resources.
Italy
A country located in southern Europe, known for its rich history, culture, and significant contributions to art, food, and fashion.
Tariff
A tax imposed by a government on goods and services imported from another country.
Revenues
The gross income a business earns from its fundamental activities, specifically through selling goods or offering services.
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