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What is the absolute advantage of trade in Philippine economy?
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.
What is the definition of absolute advantage?
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.
Why does international trade occur?
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.
What occurs when one country buys more from another country than it sell to that country?
Then the original country is in the debt of the other country.
What is the opposite of Deficit?
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.
What is the absolute advantage of trade in Philippine economy?
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.
What is the definition of absolute advantage?
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.
What are real life examples of absolute advantage?
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.
What is an absolute constant?
An absolute constant is a constant which maintains the same value wherever it occurs, such as pi.
What is the absolute?
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.
What is the absolute rule?
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.
Where does the absolute zero occur?
It occurs at -273.16 degrees C, -459.68 degrees Fahrenheit, or 0 degrees Kelvin.
What occurs when the power of the king is not limited by laws leaders or other branches of government?
absolute monarch
An occurs when the power of the king is not limited by laws leaders or other branches of government?
absolute monarchy
Why does international trade occur?
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.
What is it that occurs when people of a country are strongly devoted to their country?
Nationalism
Is local government is a feature of only federal states?
No, it occurs from constitutional Monarchy, UK, to absolute Communism, China.
