Business Studies, asked by Diashekhar7334, 1 year ago

A country that can produce a good at a lower cost than another country has what kind of advantage in the production of that good.

Answers

Answered by shadowhunterremade
0
hello friend,
here is your answer
it's comparative advantage
Answered by dorri
0

{\huge{\bf{Question}}}

A country that can produce a good at a lower cost than another country has what kind of advantage in the production of that good.

{\huge{\bf{Answer:}}}

{\bf{\red{Comparative\: Advantage}}}

Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners.

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