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Glossary > C > "Comparative Advantage" Definition

Comparative Advantage

A situation where a country, individual, company, or region can produce a good at a lower opportunity cost than that of a competitor.

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Comparative Advantage - A situation where a country, individual, company, or region can produce a good at a lower opportunity cost than that of a competitor.

Comparative Advantage : a situation where a country, individual, company, or region can produce a good at a lower opportunity cost than that of a competitor.