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Aadi | Economics Simplified on Instagram: "every country (and every person) has trade-offs. comparative advantage shows why it can make sense to specialize, even if you’re “better” at everything. it’s not about who produces more. it’s about who gives up less. that’s why nations trade, why businesses focus on what they do best, and why specialization makes the whole world more efficient. - absolute advantage = efficiency. - comparative advantage = opportunity cost. get those straight, and you’ve
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