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When a country specializes in producing one thing very well, it is often referred to as having a "comparative advantage." This concept in economics suggests that a nation can produce certain goods or services more efficiently than others, allowing it to focus on those areas for trade and export. This specialization can lead to increased economic efficiency and productivity.
What else can I help you with?
Is ivory coast a rich or poor country?
Ivory Coast is a very poor country.
An order that restricts trade with another country?
It's called an embargo... we are learning this in social studies right now lol yea I'm young... but very smart!
Why the budget is important in a country?
Budget is very essential tool for the economic development of any country.
Why do you imports goods?
Countries import things that they need but can't produce themselves. For example, let's say I have a country called Gonwalla. I have lots and lots of fertile farmland and a great climate, so my nation produces far more food than my people could ever eat. However, I don't have any metal resources. You happen to have a nation called Burugo, which has numerous copper, iron, and nickel mines. Burugo produces very little food, though, because most of its land is barren desert. So, I send you some food, and you send me some metal. Now we both have what we need, and everybody's happy. At least, this is a simplified explanation of importing and exporting.
What are some geography economic issues in Australia?
Australia is a very dry country with a very arrid inland.
What country produces the most iron ore of all types?
China, very probably.
What is released as byproducts?
It is common for a process that produces a desired product to also produce something that is not needed - and this is called a byproduct. If a byproduct has no use it may be pumped away, which may not a very environmentally friendly thing to do.
What is one item Motorola produces?
One item that Motorola produces is a tablet. It is called the ET1 Enterprise Tablet. This tablet is very secure, has multiple user log-on, and has a very beautiful design.
How do you now all the answers?
We have this thing called "library" and this thing is full of stuff called "books". We are very smart.
A very thing net by a spider called?
A web
What happens to expats if their country of residence dissolves?
they are people with no country citizens in no place, it is a very bad thing.
What is the center of the head called?
The pineal gland is at or very near the center of the brain and it produces serotonin.
What is a very small living thing called?
A very small living thing is called a microorganism, such as a bacterium or a virus. These organisms are microscopic and can only be seen with the help of a microscope.
Is the thing the astronauts where on their heads called a helmet?
Yes, albeit a very very expensive one.
What is the best thing about Vermont?
It is a very healthy state and very low population, so lots of country. Also, people are very nice.
What is the scenery of the Netherlands?
The most striking thing is that most of the country is very flat and there is a lot of water.
What country produces the most hematite?
China is the country that produces the most hematite in the world. Second to China, the country of Brazil also has a very large hematite production level.
