Examlex
Chris is focusing on and reviewing his understanding of what he has been reading.He is using a _____ strategy.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service more efficiently than its competitors with the same amount of resources.
World Production
encompasses the total output of goods and services by all economies across the globe over a specific period.
Self-Sufficient
The ability to fulfill all of one's needs without relying on external assistance.
Comparative Advantage
The ability of a country, individual, company, or region to produce a particular good or service at a lower opportunity cost than others.
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