Comparative and Absolute Advantage Explained | Economic Concepts Explained | Think Econ
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Comparative and Absolute Advantage Explained | Economic Concepts Explained | Think Econ
In this video we explain what the both absolute and comparative advantage is, while providing a numerical example, to help you learn the concept! If you have any questions, we'd love to answer them in the comment section. As promised, here are links to our Production Possibilities Curve and Opportunity Cost videos, so feel free to check them ...
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