It is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
example:
In Chanel Company, one hour of a worker’s labor can produce either 5 cloths or 10 wines.
In the Gucci Company, one hour of a worker’s labor can produce either 20 cloths or 20 wines.
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It is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
example:
In Chanel Company, one hour of a worker’s labor can produce either 5 cloths or 10 wines.
In the Gucci Company, one hour of a worker’s labor can produce either 20 cloths or 20 wines.
pa brainliest po