comparative advantage

Frequency: 8.530.2 per million words

the ability to produce something at a lower opportunity cost than others

comparativeADJECTIVE + NOUN

Categories:

advantage

Examples (10)

  • A country should specialize in producing goods where it has a comparative advantage.
  • Our company's comparative advantage lies in our innovative technology and skilled workforce.
  • The theory of comparative advantage is a fundamental principle in international trade.
  • By focusing on tourism, the island nation leveraged its natural comparative advantage.
  • He argued that free trade allows nations to exploit their comparative advantage.
  • What is the region's main comparative advantage in the global market?
  • The country is losing its comparative advantage in manufacturing due to rising labor costs.
  • We must identify and develop a new comparative advantage to stay competitive.
  • As a writer, her comparative advantage is her ability to explain complex topics simply.
  • Economists are studying how climate change might shift the comparative advantage of agricultural regions.