In the decades following WWII, Japan transitioned from producing labor-intensive products to exporting high-technology products. This change was possible because the advantage in producing a product is not always ____ but instead can be ____

Respuesta :

The change in Japanese production was possible of the advantage in producing a product is not always comparatively but instead can be an absolute advantage.

What is a producing advantage?

This refers to advantage that an entity has in production of a product or services over its competitors.

While the comparative advantage means ability to produce at a lower opportunity cost, the absolute advantage means ability to produce more of a good or service than a competitor.

However, the change in Japanese production was possible of the advantage in producing a product is not always comparatively but instead can be an absolute advantage.

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