Business Terms and Jargon Explained

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

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   

Lobbyist N316A Civil Court form Risk
mutatis mutandis Cybersquatter Yankee
Bank Statements Balance Sheet Appropriate systems
Primogeniture Economic Capital Off Balance Sheet
APACS Profit and Loss Responsibility Equity
Charge Certificate Capital Adequacy Moving forward
Local Justice Area N210 Civil Court form Installment
Discount received Back Door Acquirer
High Risk CAP Goods N445 Civil Court form Landlord
Contempt of Court Registered Office Sale and Leaseback
Natural Person Cessate Grant Private Treaty
Sub silentio IOU Charities
Privileged Will Parliamentary Agent Earned income

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.