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Concept information

social science subjects > business and management > international business > comparative advantage
... > social science subjects > business and management > international business > economics of international business > economic theories of international business > comparative advantage

Terme préférentiel

comparative advantage  

Définition

  • Comparative advantage is one of the principal ideas used in economics to explain the potential for gains from trade between countries. The theory of comparative advantage—developed by 19th-century economist Robert Torrens but usually attributed to David Ricardo—asserts that a country should focus on producing those goods it can make most efficiently while importing goods which the country can make relatively less efficiently. [Source: Green Food: An A-to-Z Guide; Comparative Advantage]

Concept générique

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URI

http://data.loterre.fr/ark:/67375/N9J-P98D869G-2

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