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2 years ago

The country of southernberg is the only producer of oil. this gives southernberg a(n) _____.

Social Studies

1 answer:

Over [174]2 years ago

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The country of southernberg is the only producer of oil. this gives southernberg absolute advantage.

<h3>What is meant by absolute advantage?</h3>

This is the term that is used in economics to refer to the fact that a nation has more advantage at the production of a given resource. That is the nation when compared with another nation would be able to create a product with the use of less resources than what their counterparts would do.

Hence we can say that the country of southernberg is the only producer of oil. this gives southernberg absolute advantage.

Read more on absolute advantage here: brainly.com/question/9067127

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2 years ago

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