Appearance
Use device theme  
Dark theme
Light theme

What does comparative advantage mean?

Looking for the meaning or definition of the word comparative advantage? Here's what it means.

Noun
  1. (economics) The ability to produce a particular good at a lower relative opportunity cost than another producer.
Find more words!
Use * for blank tiles (max 2) Advanced Search Advanced Search
Use * for blank spaces Advanced Search
Advanced Word Finder
Examples
Business economists have a strong comparative advantage in analyzing how such events are likely to affect their employers.
Legal practitioners have a vast comparative advantage over law schools in teaching practical lawyering skills.
This measures the comparative advantage of coal relative to other sectors as a percentage of the cost of inputs.
Socialism has a comparative advantage in the area of productive efficiency.
The developing world probably does enjoy a comparative advantage in the production of certain agricultural goods.
A more general point is to consider the economic concept of comparative advantage.

See Also

Nearby Definitions
Find Definitions
go
Word Tools Finders & Helpers Apps More Synonyms
Copyright WordHippo © 2025