bn:03459290n
Noun Concept
Categories: International trade theory, Classical economics, Economics laws, Microeconomic theories, Economics comparisons
EN
comparative advantage  Ricardo's law  comparative advantages  Comparative benefits  Comparative disadvantage
EN
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Wikipedia
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EN
In an economic model, agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Wikipedia
A law of economics Wikipedia Disambiguation
The ability to produce a particular good at a lower relative opportunity cost than another producer. Wiktionary