comparative advantage English

Meaning comparative advantage meaning

What does comparative advantage mean?

comparative advantage noun

— the ability to produce a particular good at a lower relative opportunity cost than another producer

Synonyms comparative advantage synonyms

What other words have the same or similar meaning as comparative advantage?

comparative advantage English » English

relative advantage

Comparative Cost Principle

Examples comparative advantage examples

How do I use comparative advantage in a sentence?

News and current affairs

The multilateral lenders advocated a development strategy based on the theory of comparative advantage and unbridled economic liberalization.

And now that China, too, is beginning to lose its comparative advantage in labor-intensive industries, other developing countries - especially in Africa - are set to take its place.

As foreign firms launch operations in the labor-intensive sectors in which Africa has a comparative advantage, they will train the local workforce.