From Wikipedia, the free encyclopedia
Comparative advantage is a term economists use. If one country can make something at a lower cost because it has more access to a certain resource than another country, the first country has a comparative advantage.
Related Pages[change | change source]
References[change | change source]
- Maneschi, Andrea 1998. Comparative advantage in international trade: a historical perspective. Cheltenham: Elgar. p. 1.