Greece has abundant quantities of bauxite and lignite, but a small supply of iron ore, marble, zinc, copper and lead. The overall quality of these products is poor and the resources are not very beneficial and useful. A very well-known product in Greece is olive oil. This product has an absolute advantage because Greek olive oil has earned the loyalty of consumers around the world and is essential in European diets. They have the absolute advantage here because they have an abundant supply of olives (120,000,000 olive trees) and produce more than 430,000 tons of olive oil per year. Greece is known for being the third largest producer of olive oil in the world, after Italy and Spain. Another well-known product in Greece is wine. The Greeks have been making wine for thousands of years. Their climate is the reason for their industry's successes. Greek wine has a competitive advantage because the alcohol industry is very competitive as all countries are able to produce very good tasting wine. Greece is famous for its long history of wine production because it has huge vineyards and grows many different types of grapes. Because the diversity of vineyards in Greece is popular, consumers know that Greek wine is superb