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单词 comparative advantage
释义
comparative advantage

Geography
  • The advantage of some nations or regions to produce goods better and more cheaply than less favoured nations or regions; an important concept in understanding regional specialization. Llang (2004) RURDS 16, 3 finds that comparative advantages from improved technical efficiency, scale economies, and growing economic openness contribute positively and significantly to regional specialization in China.


Economics
  • A country is said to have a comparative advantage in production of a good if it has lower opportunity cost in producing this good compared to another country or the rest of the world. If countries specialize in the production of those goods in which they have a comparative advantage then free trade improves production and consumption efficiency by increasing aggregate output with the same amount of resources and expanding the choice for consumers. See also absolute advantage.


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