comparative advantages

English - Turkish

Definition of comparative advantages in English Turkish dictionary: karşılaştırmalı üstünlükler
comparative advantage: (Ticaret) mukayeseli maliyet kuramı

English - English

Definition of comparative advantages in English English dictionary
comparative advantage: (Bilim, İlim) The ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another
comparative advantage: relative benefit, something which is beneficial when compared to the other options
comparative advantage: Economic theory first advanced by Robert Torrens and David Ricardo that analyzes international trade in terms of differences in relative opportunity costs. The theory suggests that countries should specialize in the goods they can produce most efficiently rather than trying for self-sufficiency and argues strongly in favour of free international trade

comparative advantages

Hyphenation

com·par·a·tive advantages

kımperıtîv ädväntîcîz

/kəmˈperətəv adˈvantəʤəz/ /kəmˈpɛrətɪv ædˈvæntɪʤɪz/

History

Favorites