Comparative Advantage

Business / Agriculture / Comparative Advantage: Refers to the economic theory that in international trade it is more advantageous for a country to devote its resources not to all lines of production in which it may have superiority (least cost production), but to those in which its relative superiority is greatest. Two countries may find trade mutually profitable even if one of the countries could produce all goods at lower cost than the other.

Other Words for Advantage

Advantage Noun Synonyms: superiority, upper hand, dominance, edge, head start, sway, drop
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Net Advantage Of Refunding

Business / Finance / Net Advantage Of Refunding: The net present value of the savings from a refunding. MORE

Man Advantage

Entertainment / Ice Hockey / Man Advantage: When one team is penalized, and one of its players sent to the penalty box, the second team maintains a man advantage for the duration of the penalty (major penalty) or until a goal is scored (minor p MORE

Line Of Advantage

Science / Astrology / Line Of Advantage: An imaginary axis that connects the third decan of the third and ninth houses. The Moon's North Node east of this axis is thought to be in a favorable or advantageous position. MORE

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