One person has a comparative advantage over another person if the first person’s opportunity cost of performing a task is lower than the other person's opportunity cost of performing the same task. Having a comparative advantage is not the same as being the best at something. In fact, someone can be completely unskilled at doing something, yet still have a comparative advantage at doing it!
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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