German - Turkish
Definition of komparativen vorteil in German Turkish dictionary
- mukayeseli üstünlük
English - Turkish
Definition of komparativen vorteil in English Turkish dictionary
- comparative advantage
- (Ticaret) mukayeseli maliyet kuramı
Related Terms
German - English
Definition of komparativen vorteil in German 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
- relative benefit, something which is beneficial when compared to the other options
- 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