Business Studies, asked by rithikareddy5696, 11 months ago

Difference b/w competative advantage and comparative advantage

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Answered by Anonymous
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A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. To find people'scomparative advantages, do notcompare their absolute advantages.Compare their opportunity costs.Competitive advantage is what makes you better than anyone else
Answered by Shreya0909
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