The area in the world that could be said to have a comparative advantage in oil production is Saudi Arabia
<h3>Who has the comparative advantage in the production?</h3>
If someone can create something for less money than anyone else, they have a comparative advantage. Comparative advantage is different from superiority in a given field.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade.
Recall that the potential cost of creating commodities was used to define comparative advantage. Saudi Arabia has a comparative edge in oil production because it makes the fewest sacrifices per barrel of oil. Saudi Arabia has a distinct advantage in the oil industry since it can create it in just one hour.
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<span>True. Undocumented workers are part of the informal sector
when it comes to the working industry. Usually undocumented workers are
immigrants who have no legal basis for being within the area of work that they
are involved in. It is a responsibility that they should take into consideration
because they are not adding up to the GDP growth of the economy. </span>