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单词 comparative advantage
释义

Definition of comparative advantage in English:

comparative advantage

noun
Economics
  • The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

    Example sentencesExamples
    • Socialism has a comparative advantage in the area of productive efficiency.
    • He discusses the nature of secession and its comparative advantages as compared to other forms of political reform.
    • I believe economies grow when there is a need for them to grow and not because of the existence of some comparative advantages in the geographical area occupied by a particular economy.
    • The idea of this approach is that because of social practices, institutional complementalities develop within a nation-state that create comparative advantages in certain activities and products.
    • This is because the underlying premise of globalization is that it maximizes comparative advantages and therefore produces goods and services at the lowest cost.
    • It's one thing for workers in older industries such as steel and textiles to lose out to the comparative advantages of overseas competition.
    • Cambodia thus has to look to distant shores where its products have comparative advantages, such as the markets of the United States, the European Union, Japan and South Korea, he said.
    • Finally, the concepts of competitiveness and revealed comparative advantages, which are essential to the evaluation of sustainable growth, are discussed.
    • Rachid warned that African countries must not focus on the few products in which individual states enjoy a comparative advantage.
    • Business economists have a strong comparative advantage in analyzing how such events are likely to affect their employers.
    • The developing world probably does enjoy a comparative advantage in the production of certain agricultural goods.
    • What they need instead is an open marketplace in which to compete using their comparative advantage.
    • The benefits of globalization include the growth-enhancing ability of countries to tap their comparative advantages, the expansion of our export markets, and the price savings associated with imports.
    • The competition for the export markets, which comes with a myriad of considerations including competitiveness, comparative advantages, economies of scale, capacity and standards is a cut-throat battle.
    • Countries would focus on the factors of production where they enjoyed the greatest comparative advantage.
    • More cutbacks are inevitable as steel production shifts to other countries and the US finds its comparative advantage elsewhere.
    • It now makes sense for the various parts of Indonesia to work together as an economic entity, employing comparative advantages to mutual benefit.
    • A few years later he attacked the comparative advantage rationale for free trade.
    • However, this massive intervention does not make Ricardo's principle invalid, it only tells us that if there are no comparative advantages, free trade is the solution.
    • In contrast to the communist Utopia of Plato's Republic, Aristotle provides a comprehensive list of the comparative advantages of private property in Politics.
 
 

Definition of comparative advantage in US English:

comparative advantage

noun
Economics
  • The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

    Example sentencesExamples
    • The developing world probably does enjoy a comparative advantage in the production of certain agricultural goods.
    • Business economists have a strong comparative advantage in analyzing how such events are likely to affect their employers.
    • A few years later he attacked the comparative advantage rationale for free trade.
    • Socialism has a comparative advantage in the area of productive efficiency.
    • It's one thing for workers in older industries such as steel and textiles to lose out to the comparative advantages of overseas competition.
    • In contrast to the communist Utopia of Plato's Republic, Aristotle provides a comprehensive list of the comparative advantages of private property in Politics.
    • The idea of this approach is that because of social practices, institutional complementalities develop within a nation-state that create comparative advantages in certain activities and products.
    • Cambodia thus has to look to distant shores where its products have comparative advantages, such as the markets of the United States, the European Union, Japan and South Korea, he said.
    • Finally, the concepts of competitiveness and revealed comparative advantages, which are essential to the evaluation of sustainable growth, are discussed.
    • It now makes sense for the various parts of Indonesia to work together as an economic entity, employing comparative advantages to mutual benefit.
    • The benefits of globalization include the growth-enhancing ability of countries to tap their comparative advantages, the expansion of our export markets, and the price savings associated with imports.
    • I believe economies grow when there is a need for them to grow and not because of the existence of some comparative advantages in the geographical area occupied by a particular economy.
    • More cutbacks are inevitable as steel production shifts to other countries and the US finds its comparative advantage elsewhere.
    • However, this massive intervention does not make Ricardo's principle invalid, it only tells us that if there are no comparative advantages, free trade is the solution.
    • He discusses the nature of secession and its comparative advantages as compared to other forms of political reform.
    • The competition for the export markets, which comes with a myriad of considerations including competitiveness, comparative advantages, economies of scale, capacity and standards is a cut-throat battle.
    • This is because the underlying premise of globalization is that it maximizes comparative advantages and therefore produces goods and services at the lowest cost.
    • Rachid warned that African countries must not focus on the few products in which individual states enjoy a comparative advantage.
    • Countries would focus on the factors of production where they enjoyed the greatest comparative advantage.
    • What they need instead is an open marketplace in which to compete using their comparative advantage.
 
 
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更新时间:2024/9/20 18:52:10