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Textile workers in which of the following countries, formerly dependent on such work, could no longer compete with British cotton produced with the aid of steam engines?
Trade Agreements
Treaties between two or more nations that outline the terms and conditions of trade between them, possibly including tariffs, quotas, and other trade restrictions.
Comparative Advantage
The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than others.
Specialize
To focus on a specific area of knowledge, skill, or production, often improving efficiency and quality in the process.
Produce
To create, manufacture, or grow goods and products.
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