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- Nov 2021
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learn.diplomacy.edu learn.diplomacy.edu
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natural resourc
Countries can have an advantage to natural resources --- Because they are richly endowed with a particular natural resource. For example, countries with plentiful oil resources can generally produce oil inexpensively. Because Saudi Arabia produces oil very cheaply, it holds a comparative advantage in oil, and it exports oil in order to finance its purchases of imports
Source author: Tarniem Shokry Iskandar tar.eskander@hotmail.com
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