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Which report is not an output of the Financial Reporting System (FRS) ?
Absolute Advantage
The ability of a country or entity to produce a good or service more efficiently than another country or entity.
Comparative Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than competitors.
Trade
The process of purchasing, selling, or trading goods and services among individuals, companies, or nations.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance without excess supply or demand.
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