Business terms and jargon explained. Your business dictionary

What is Comparative Advantage

A country or region has a comparative advantage in the production of those goods and services in which its relative efficiency is greatest. Comparative advantage matters because a country or region can maximise its consumption of goods and services by concentrating its resources in the production of goods and services in which it has a comparative advantage, and trading its surplus production with those countries or regions which specialise in the production of goods and services in which they have a comparative advantage.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z


Search Term   

OATH Productivity Import VAT Certificate Annuitant
XR Dominium Up Current Land Registry
Digital Certificate Write off Kina Charge Cards
Conglomerate EMEA COO Global Accounting
Public Sector Custody time limit Living Wage Net Assets
Apostille Pecuniary Legacy Take Out Deliverable
To remand Bad debt Entitled Destinations Basis Point
Wanton Equity Line Media kit Load List
Stock Exchange Oblique intent Stamp duty Value billing
Free Zone Goods Free Zone Manager Refund Bells and whistles

Term created / updated 2007-03-20 22:40:26

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.