I think it would be sibling, but I'm not sure.
<span>Risk is an act or phenomenon that has the potential to produce harm or other undesirable consequences to a person or thing.</span>
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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Answer:
D. Traditional Economy
Explanation:
Well, a traditional economy is that in which customs, traditions, and beliefs are rich in developing the goods and services for the area. In other words, a traditional economy is one that is built around the way a society lives. The goods and services are determined based on the livelihood of the people.
Because of evaporation. When water is evaporated, new, fresh water comes down and fills the lakes with fresh water. Also, if we never had the water cycle, eventually, all the water would pollute and also evaporate.
