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Comparative Advantage - Overview, Example, Benefits and vs. Absolute Advantage

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However, when using opportunity costs, Country A has a comparative advantage in wheat because it has sacrificed less wine in order to produce wheat and vice versa. Thus, even though Country A has an absolute advantage in both goods, it benefits by focusing on wheat, and Country B benefits by focusing on wine. The result is mutual benefit through trade, even though Country B is less e... https://www.fbsedu.in/approvals
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