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Explain how absolute and comparative advantage were used in your simulation.
Opportunity costs is the highest valued alternative that must be given up to engage in an activity. Comparative advantage is the ability of an individual, a firm, or an country to produce a good or service at a lower opportunity cost than competitors.
explain theory of absolute cost advantage as propounded by Adam smith
centralization of ownership has led to an industry controlled by a few large companies. apex :)
explain the advantages and disadvantages of active trade union movement to employers,employee and the economy?
Explain how absolute and comparative advantage were used in your simulation.
Opportunity costs is the highest valued alternative that must be given up to engage in an activity. Comparative advantage is the ability of an individual, a firm, or an country to produce a good or service at a lower opportunity cost than competitors.
Explain why a niche company might have an advantage in a market would price necessarily be an advantage explain why or why not
What do you mean by explain? Advise what it is that you need explaining on.
what is the software
to identify similarities and differences and to explain them
what is array? explain with its advantage.
software eg
descriptive-comparative methods of research is a way where we can normally predict the significance and difference of the two variables.
explain theory of absolute cost advantage as propounded by Adam smith
You need to explain what you mean by "talented" software?
Smmsmsdm