comparative advantage

listen to the pronunciation of comparative advantage
English - Turkish
(Ticaret) mukayeseli maliyet kuramı

Related Terms

comparative advantages
karşılaştırmalı üstünlükler
English - English
(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
comparative advantage

    Hyphenation

    com·par·a·tive ad·van·tage

    Turkish pronunciation

    kımperıtîv ädväntîc

    Pronunciation

    /kəmˈperətəv adˈvantəʤ/ /kəmˈpɛrətɪv ædˈvæntɪʤ/
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