Comparative Advantage
Comparative Advantage
Comparative Advantage
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Jack-of-all-trades, master of none…<br />
Do we produce everything ourselves<br />
Can you imagine a world where you had to produce virtually<br />
everything for yourself—food, clothes, lumber for to build your<br />
house, etc.<br />
No, we specialize—we focus our attention on specific tasks,<br />
but which tasks
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