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单词 comparative advantage
释义
comparative advantage
noun
ECONOMICS
uk
us
[C]
anadvantageacountryhas over anothercountrybecause it canproduceaparticulartypeofproductmoreefficiently:
Russia'scomparativeadvantageis in theexportofrawmaterials.
comparative advantage in sthTheUnitedStateshas acomparativeadvantageinprovidingfinancialservicesto therestof theworld.
[U]
theideathatcountriesshould onlyexportthegoodsthat they areabletoproducemoreefficientlythan othercountriesandimportthegoodsthat othercountriesareabletoproducemoreefficientlythan them:
WhenDavidRicardoexpoundedthetheoryofcomparativeadvantage, hechosetheexamplesofwineandcloth.
Compare
absolute advantage
(Definition ofcomparative advantagefrom theCambridge Business English Dictionary© Cambridge University Press)

Examplesofcomparative advantage

comparative advantage
However, capital immobility is only one route tocomparativeadvantage, useful to basic models, but not essential to it.
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In these cases, one can not define which country hascomparativeadvantage.
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It is their informality, adaptability and flexibility of operations characteristics which reduce their transactions costs and confers upon them theircomparativeadvantageand economic rationale.
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Today trade policy tends to focus more on competitive advantage as opposed tocomparativeadvantage.
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The moment the model expands from one good to multiple goods, the absolute may turn to acomparativeadvantage.
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Ultimately, thecomparativeadvantageideology is based on a very simple ideology about trade.
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The country which saw the easy wealth of the oil did not need to expand into other markets due tocomparativeadvantage.
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The home market effect implies a link between market size and exports that is not accounted for in trade models based solely oncomparativeadvantage.
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Economists against offshoring charge that currency manipulation by governments and their central banks causes the difference in labor cost creating an illusion ofcomparativeadvantage.
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Hercomparativeadvantageis in the mix of analyzing real life, economic history, and macroeconomics.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/comparative-advantage##
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更新时间：2024/12/28 0:51:39