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What is the significance of comparative advantage in relation in relation to a country resource?
Nations rely on one another for living things they cannot produce themselves.
What else can I help you with?
Is absolute advantage or comparative advantage more important?
Comparative advantage. Because a lower opportunity cost(comparative advantage) means a producer use the resource more efficint to produce what people want the most whereas absolute advantage only consider the number of goods or services being produced. Though a producer have a absolute advantage, but he or she may use the resource inefficiently, which will cause a disadvantge in the confront with scarcity. If we assign jobs according to comparative advantage, all individuals may benefit if the assignments are well specialized or the products are well exchanged. The resoure is limited, so only specialize each individual accroding to comparative advantage could lead to more total production.
What are the advantage of mineral resource?
Foreign exchange
What is the difference between human resource management and personal relation officer?
one is a human resource manager and the other one is a personal relation officer ... the difference is quite clear
What is the advantage of firewood?
Ready availabililty and renewable resource.
What is the advantage of firewood energy?
Ready availabililty and renewable resource.
What are resource pools and What is the advantage of implementing them?
chiri millasi pittris....
What is the significance of the Settlers of Catan Monopoly card in the game strategy?
The Settlers of Catan Monopoly card allows players to take all resource cards of a specific type from all other players. This card can be strategically used to gain a monopoly on a particular resource, giving the player a significant advantage in trading and building settlements and cities.
What is one advantage to using inexhaustible resources?
You never need to replace the resource.
A company that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through?
that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through
What has the author YOUNKYOO KIM written?
YOUNKYOO KIM has written: 'RESOURCE CURSE IN A POST-COMMUNIST REGIME: RUSSIA IN COMPARATIVE PERSPECTIVE'
What is the advantage of producing energy from the sun?
the advantage of going from electricity to solar is it is a renewable resource not like oil, gas, natural gas, etc.
How human resource management evolved from personnel management?
In what several ways human resource manages can have a direct impact on organizational performance?
