Spanish conquistadors in the New World sought almost exclusively gold. This was the primary reason they were endorsed in their ventures by the kings/queens, who paid them handsomely.
Answer:
<em>The ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group. </em>
Explanation:
Or, an economy can produce a greater total of goods for the same quantity of inputs.
(Absolute advantage means that fewer resources are needed to produce the same amount of goods and there will be lower costs than other economies.)
