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Noun Concept
Categories: Classical economics, Economics laws, Economics comparisons, Microeconomic theories, International trade theory
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
Definitions
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Sources
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
HAS KIND
economy of scale
DIFFERENT FROM
competitive advantage
Wikipedia
EN
comparative advantage
Wikidata
EN
comparative advantage
Wiktionary
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comparative advantage
Wikipedia Redirections
EN
Comparative Advantage, comparative advantages, Comparative benefits, Comparative disadvantage, Comparitive advantage, economic advantage, economic advantages, law of comparative advantage, Pauper labor argument, Pauper labor fallacy, principle of comparative advantage, Relative advantage, Ricardian model, Ricardo's law, Ricardo's Law, Ricardo's law of comparative advantage, Ricardo's theorem, Ricardos law of comparative advantage, theory of comparative advantage

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