A _______________________________ is a country's unique ability to excel in the production of a particular good (or service) due to its proximity to natural resources or greater expertise.

Comparative Advantage

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

Proximity

The state of being close or near in space, time, or relationship.

Natural Resources

Naturally occurring materials such as minerals, water, and fertile land that can be used for economic gain.