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densk [106]
3 years ago
11

Actividad

Geography
1 answer:
zlopas [31]3 years ago
6 0

Answer:

bhe iwan ko anong sagot

Explanation:

pwede po ba english nyo di maintindihan sorry

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The ability of producing a product or a service at a reduced cost of production than that of the competitors is referred to be an absolute advantage. The ability of producing a product or a service at low opportunity cost than that of the competitors is referred to be Comparative advantage. When a product is produced in an efficient manner than a competitor which is at a reduced it is an absolute advantage. Comparative advantage means that, instead of producing some other goods at some costs, a particular good can be produced at a lower cost. This is also termed as an opportunity cost.

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