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Trade arises under comparative advantage because of differences in pretrade relative prices.
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
comparative advantage
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.
Comparative advantage :)
Trade arises under comparative advantage because of differences in pretrade relative prices.
The modern theory of international trade works on assumptions of the law of comparative advantage. The comparative advantage arises as a result of differences in the various regions.
comparative advantage
i have a comparative advantage in sports when i play with the other girls
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.
Comparative advantage :)
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How does outsourcing relate to the concepts of comparative advantage and efficiency?Read more: How_does_outsourcing_relate_to_the_concepts_of_comparative_advantage_and_efficiency
One sentence that uses "comparative advantage" in a sentence is, "A small business has a comparative advantage." The phrase pertains to the capability of a company to produces goods and services which are lower in cost compared to other companies.
Comparative Advantage.
law of comparative advantage
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