This question is about absolute advantage vs comparative advantage.

What are the advantages of comparative advantage?

By Zippia Team - Dec. 7, 2022

The main advantage of having a comparative advantage is being able to produce goods at a lower opportunity cost. Being able to produce goods at a lower opportunity cost compared to your rivals allows you to:

Set prices lower without sacrificing sales margins
Use increased profits for trade
Focus production on only a few select goods

What are the advantages of comparative advantage?

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