word
comparative advantage
kom-PAIR-ah-tiv ad-VAN-tij
kəmˈpærətɪv ədˈvɑːntɪdʒListen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
comparativeadvantage
Dictionary meaning
The ability of a country or firm to produce a good at a lower opportunity cost than others.
Examples
- Comparative advantage explains why countries benefit from specialisation and free trade.
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