Imagine that Ireland develops and produces wool more effectively than any other nation, giving it a monopoly over the sector. Ireland has an Absolute advantage in this instance.
Absolute advantage is the capacity of a person, business, area, or nation to produce more of an item or service with the same amount of inputs per unit of time than its rivals, or to generate the same amount of a commodity or service with fewer inputs per unit of time.
By producing the good or service with a lower absolute cost per unit and fewer inputs, or by using a more effective technique, one might achieve absolute advantage.
Absolute advantage is the capacity of a person, business, area, or nation to produce more of an item or service with the same amount of inputs per unit of time than its rivals, or to generate the same amount of a commodity or service with fewer inputs per unit of time.
By producing the good or service with a lower absolute cost per unit and fewer inputs, or by using a more effective technique, one might achieve absolute advantage.
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The Missouri Compromise allowed for Missouri to be a slave state so Maine could be a free state and the union would not be out numbered. However it did not resolve slavery since in the end, there was still slavery and fighting.
Where are the following businesses, give the choices
The factors that contribute to this question are immense. However, I would argue that the lack of food and water and the overall punishment of enslaved peoples are the biggest players.
