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Christina Nguyen
on Nov 05, 2024

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A country with a lot of human capital is likely to have a comparative advantage in highly technical goods.

Human Capital

The capabilities, insights, and expertise held by a person or a group of people, considered in relation to their worth or expense to a company or nation.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than competitors.

Technical Goods

Products designed with a specific technical or functional purpose, often requiring specialized knowledge to use.

  • Recognize the impact of human and physical capital in determining a country's comparative advantage in certain industries.
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gazella vibesNov 06, 2024
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