Trade between nations can be mutually beneficial if one country has?

Answer 1

This is kind of true: supposedly trade should be mutually beneficial if one country has a competative advantage. This means the country can produce a product with a lower cost than the other country. Therefore, one country benefits by being able to trade and the other country benefits by cheaply obtaining goods, and therefore that nation can sell that good for a greater profit. Of course, it could be argued that this isn't always good for the nation producing the good.

Also, shouldn't this be in economics, or perhaps history?

Answer 2

comparative advantage in producing a good or service, that the other country does not produce as efficiently. This allows both countries to specialize in what they do best and trade for the goods and services they need, leading to increased overall economic welfare.