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Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than others.
Lowest Opportunity Cost
The situation where the choice made uses the least possible sacrifice of alternatives, having the minimal foregone benefits among all options.
Produce More
The act of increasing the output or quantity of goods or services produced by a company, entity, or individual.
Trade Restrictions
Government-imposed limitations on the free exchange of goods and services between countries.
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