comparative advantage

comparative advantage

English

Noun

comparative advantage (countable and uncountable, plural comparative advantages)

1. (economics) The ability to produce a particular good at a lower relative opportunity cost than another producer.

   Antonym: absolute advantage

Translations

the ability to produce a particular good at a lower relative opportunity cost than another producer

Armenian: համեմատական առավելություն (hamematakan aṙavelutʿyun) Czech: komparativní výhoda f Finnish: suhteellinen etu

French: avantage comparatif m Irish: buntáiste comparáideach Russian: сравни́тельное преиму́щество (sravnítelʹnoje preimúščestvo)