comparative advantage The circumstance of having a lower opportunity cost for the production of a good or a service than another producer. Related Related Articles: Top Ten Ways to Sound Like an EconomistSanta's Unfair Trade PracticesWhere and Why We Moved During 2020A China Trade Deal UpdateHow a Canal Moved a Bridge Ann Mills Share This Previous Articlebilateral aid Next Articlecreative destruction December 17, 2020
comparative advantage
