the ability of a country to produce one product more efficiently than other products, and the theory that they should therefore concentrate their economic activity on that product
Synonyms and related words
Economy and economics
agronomics
austerity
boom
comparative advantage
noun uncountable economics
US /kəmˌperətɪv ədˈvæntɪdʒ/
DEFINITIONS1
1
the ability of a country to produce one product more efficiently than other products, and the theory that they should therefore concentrate their economic activity on that product