Examlex
Which of the following is a fundamental category of business intelligence (BI) analysis?
Comparative Advantage
The ability to make something at a lower opportunity cost than other producers face.
Absolute Advantage
The ability to make something using fewer resources than other producers use.
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient production and trade.
Absolute Advantage
The capability of a country, individual, or company to produce a greater quantity of a good or service with the same amount of resources as another entity.
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