a monopoly by levying high taxes on imports
An absolute advantage is when trading only occurs between one or two parties. This is common in the Philippine economy since most industries are monopolistic.
Absolute advantage exists when one economic agent can strictly produce more than another agent in a given good or service. This is different from comparative advantage, which occurs when an economic agent can produce for a lower opportunity cost than another agent.
The international trade occurs because of a country can not produced every things and there are many things used by country but they can be poroduced in their geographicall area, that is produced in other country.To full fill the all wants an international trade occurs. For exam. in India there are no many source of oil, to full fill of his source it import oil from Arbian country it is called an international trade between India and Arbian country.
Then the original country is in the debt of the other country.
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
An absolute advantage is when trading only occurs between one or two parties. This is common in the Philippine economy since most industries are monopolistic.
Absolute advantage exists when one economic agent can strictly produce more than another agent in a given good or service. This is different from comparative advantage, which occurs when an economic agent can produce for a lower opportunity cost than another agent.
Absolute advantage occurs when a country or entity can produce a good or service more efficiently than another. For instance, Saudi Arabia has an absolute advantage in oil production due to its vast reserves and lower extraction costs compared to many other countries. Similarly, China has an absolute advantage in manufacturing electronics, as it can produce them at a lower cost due to economies of scale and a large labor force. These examples illustrate how certain regions or countries can specialize in specific industries where they hold a distinct efficiency.
An absolute constant is a constant which maintains the same value wherever it occurs, such as pi.
Absolute rule occurs with a monarch or dictator has the ultimate authority to govern a nation. North Korea has absolute rule at the present time.
Absolute rule occurs with a monarch or dictator has the ultimate authority to govern a nation. North Korea has absolute rule at the present time.
It occurs at -273.16 degrees C, -459.68 degrees Fahrenheit, or 0 degrees Kelvin.
absolute monarch
absolute monarchy
The international trade occurs because of a country can not produced every things and there are many things used by country but they can be poroduced in their geographicall area, that is produced in other country.To full fill the all wants an international trade occurs. For exam. in India there are no many source of oil, to full fill of his source it import oil from Arbian country it is called an international trade between India and Arbian country.
Nationalism
No, it occurs from constitutional Monarchy, UK, to absolute Communism, China.