Business Studies, asked by cyrillclare923, 2 months ago

Why don't countries produce all the products that they need?

Answers

Answered by ashmitsingh588
1

Answer:

because of less resources

Answered by rsnbhhjk
2

Answer:

In economic terms, a country has a comparative advantage when it can produce at a lower opportunity cost than that of trade partners. While a country cannot have a comparative advantage in all goods and services, it can have an absolute advantage in producing all goods.

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