Examlex
The average height of the continents above sea level is greater than the average depth of the ocean basins below sea level.
Specialize
The process of focusing efforts and resources on a narrow area of expertise to increase efficiency and proficiency.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Benefit From Trade
The advantage gained by countries, entities, or individuals from engaging in international trade, often including access to a wider variety of goods and services.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors using the same amount of resources.
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