Example of Both Concepts:-
Let's revisit the example of Country A and Country B:
Country A has an absolute advantage in both wheat and wine since it can produce more of both goods with the same resources compared to Country B.
However, when using opportunity costs, Country A has a comparative advantage in wheat because it has sacrificed less wine in order to produce wheat and vice ... https://topcollegesadmission.in/college-list/mbapgdm/bhopal
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