Comparative Advantage
Subject: Economics | Topics:

Comparative Advantage is the aptitude of a company or individual to create goods or services at a minor opportunity cost than others. A comparative advantage gives a corporation the capability to sell goods and services at a inferior price than its competitors and recognize stronger sales margins. The theory of comparative advantage is an economic theory about the possible gains from trade for individuals, institution or nations that start from differences in their factor endowments or technical development.

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