The theory of comparative advantage concludes that people can produce more by specializing than by doing everything themselves.

Name: The theory of comparative advantage concludes that people can produce more by specializing than by doing everything themselves.
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The theory states that if individuals, countries or regions specialize in producing goods or services for which they have the lowest opportunity cost, they can enjoy greater production efficiency and ultimately produce more.

The Theory of Comparative Advantage Concludes That People Can Produce