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Explain consumptions of the principal of absolute advantage​
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34 votes
Explain consumptions of the principal of absolute advantage​

User Jwoww
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28 votes

Answer:

The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.

Step-by-step explanation:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

User Be Champzz
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