If absolute advantage rules, capitalism itself will redistribute income and wealth from rich countries to poor ones. |
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I suspect the architects are entirely cognizant of these principles and use them to their absolute advantage. |
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Many developing countries have an absolute advantage in the price of unskilled labor. |
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Even though the younger generations tend to speak more and more English, it's still an absolute advantage to master the French language. |
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The absolute advantage of working on Floating Spread account is 5 digit quotes of high accuracy. |
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The Commission's objective was to foster comparative not absolute advantage. |
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Everyone knows that on the Internet, the United States wields absolute advantage and control. |
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The absolute advantage is that it only takes 8-15 minutes for the sauna to reach the correct temperature. |
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However, as David Ricardo famously demonstrated, specialization and trade can benefit even a country that has an absolute advantage in all industries. |
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Just like his competitor Home API of Microsoft, Jini offers the absolute advantage not to oblige any protocol or type of network to let communicate electrical equipments between each other. |
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If the secondary battery are an absolute advantage in safety. |
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Country A is said to have an absolute advantage in the production of both wine and cloth because it is more efficient in the production of both goods. |
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However, these income groups have largely reached the maximum absolute advantage conferred by the other reform measures, so that the overall relative advantage declines with income. |
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And even if a country were the most efficient in every industry, giving it an absolute advantage in everything, it could not have a comparative advantage in everything. |
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This allows for countries to benefit from trade even when they do not have an absolute advantage in any area of production. |
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It is a challenge posed by a country that has entered the international trading system not just with a comparative advantage but with potentially an almost absolute advantage in just about everything. |
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David Ricardo, a 19th-century British economist, argued that a country could gain from trade even when another country had an absolute advantage in producing all goods and services. |
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Yet these same education policies can, under the 'right' circumstances, also support their intended goal of helping countries to create absolute advantage. |
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The concept of absolute advantage however does not address a situation where a country has no advantage in the production of a particular good or type of good. |
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