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.

Understanding the essential principles of competitive advantage is important for creating an effective business strategy, investing successfully, and understanding the economy on a national and global ...

A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...