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    What is a business' "comparative advantage"

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    What does it mean to specialize according to one's comparative advantage and trade internationally and an example of a business using this principle?

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    Thanks for your question!

    To answer this question, we need to understand the concept of comparative advantage. The Library of Economics and Liberty defines Comparative Advantage as "producing something at a lower cost than anyone else".

    There could be several ...

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    What is a business' "comparative advantage" and what is an example of a business using this principle?

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