comparative advantage is expressed in________
Answers
Answer:
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. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.
The law of comparative advantage is popularly attributed to English political economist David Ricardo and his book “On the Principles of Political Economy and Taxation” written in 1817, although it is likely that Ricardo's mentor, James Mill, originated the analysis.
Answer:
of, relating to, or constituting the degree of comparison in a language that denotes increase in the quality, quantity, or relation expressed by an adjective or adverb
The comparative form of happy is happier.
The comparative form of clearly is more clearly.
2 : considered as if in comparison to something else as a standard not quite attained : RELATIVE
a comparative stranger
She's a comparative newcomer to the company.
3 : characterized by systematic comparison especially of likenesses and dissimilarities
comparative anatomy
a comparative analysis of the roles of women in different cultures