Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Absolute and comparative advantage are economic concepts that help ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Comparison advantage is an economic term that defines when one country produces a product or service at a lower cost relative to another country. It’s not just about country economics, though.

A comparative advantage occurs in economics, when a country can produce a good or service at a lower opportunity cost than another country. The theory of comparative advantage is attributed to ...

Liam Lenten does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

WE can joke all we want about economists, their theories and forecasts, and the inexactitude they sometimes deal with, but economics definitely offers some profound truths. Comparative advantage is an ...

Martin Richardson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Log-in to bookmark & organize content - it's free! The House Agriculture Committee hears testimony on how food production would be affected by the adoption of a North American Free Trade Agreement, ...