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comparative advantage

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comparative advantage

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i have a comparative advantage in sports when i play with the other girls

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When a company or an individual makes a product or carry out a certain economic activity better than its competitors is called comparative advantage. A comparative advantage gives the company an advantage to make higher profits.

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Comparative advantage :)

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Trade arises under comparative advantage because of differences in pretrade relative prices.

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Economics

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Why hasn't globalization benefited the majority of the world's underdeveloped countries

Why does globalization lead to a reduction in wages in developed countries

Why has globalization led to an increasing income gap between rich and poor countries

Why do some countries fear increasing economic interdependence

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