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Absolute advantage refers to the superior production capabilities of a nation comparative advantage is based on the concept of opportunity cost. View this essay on absolute advantage vs comparative advantage in trade the ricardian model a country possesses absolute advantage if it is more efficient than. This buzzle article will explain the difference between absolute and comparative advantage, both of which are important principles related to international trade. An individual, a firm, a region, or a county may develop an area of specialization naturally, but frequently choices must be made to determine what to produce for.
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