Comparative Advantage Explained: 60 Second Economics | A Level & IB
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Comparative Advantage Explained: 60 Second Economics | A Level & IB
Ever wonder why your phone’s made in Vietnam, your coffee’s from Brazil, and your car’s from Germany? It’s all about comparative advantage — the secret sauce of global trade. It’s not about who’s the best at making something — it’s about who gives up less to make it. Even if one country can do everything better, both can win ...
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