asked 84.0k views
1 vote
1. Define comparative advantage, and explain how a country gets a comparative advantage in the production of a certain good.

1 Answer

3 votes

Answer:

Step-by-step explanation:

Comparative advantage means that a country can produce a good or service cheaper and more efficiently than another country or group of countries.

This can be accomplished through technology, a trained workforce, learning curve, etc.

answered
User Artem Viter
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.