In economics, international trade is based on the existence of

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International trade is based on the concept of comparative advantage, where each country specializes in producing goods or services in which it has a lower opportunity cost than other countries. This allows all countries to benefit from trading with each other, as they can obtain goods and services at a lower cost than if they were to produce everything themselves. Absolute advantage (A) refers to a country's ability to produce more of a certain good or service than another country, while relative advantage (B) and output advantage (D) are not commonly used terms in economics.

In Economics, International Trade Is Based on the Existence of