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Definitions:
Opportunities Forgone
The benefits, profit, or value of something that must be given up to acquire or achieve something else.
Opportunity Cost
The outcome of forgoing possible advantages from other alternatives by choosing one option.
Natural Resources
Resources present in nature, like minerals, forests, water, and fertile lands, that can be tapped for making money.
Absolute Advantage
The ability of a country or individual to produce a good or service more efficiently than other countries or individuals, using fewer resources.
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