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 how absolute and comparative advantage were used in your simulation.
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explain theory of absolute cost advantage as propounded by Adam smith
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
Approaches to opportunity identification include market gap identification through evaluation of potential competitors. Buying into an existing venture
Explain how absolute and comparative advantage were used in your simulation.
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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.
to identify similarities and differences and to explain them
what is array? explain with its advantage.
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
Explain how the mechanical advantage of a wheel and axle change as the size of the wheel increases?
The importance of comparative public administration is to compare data across states and propose policies that benefit its citizens. Decisions are formed based on the findings.
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
Explain the role and relative importance of relationship building in different countries?