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S E52: Useful Economics in Everyday Life

Think Like An Economist

CHAPTER

Applying Comparative Advantage to Your Everyday Life

Theory of comparative advantage has so many everyday uses that we don't even think about. Knowing how to allicate tasks is critical if you're gong to live in a family, or live with other people and work in a team. You can make better decisions about who should focus on what in a way that'll benefit everyone.

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