This question is about absolute advantage vs comparative advantage.

What are the four main sources of comparative advantage?

By Zippia Team - Dec. 7, 2022

The four main sources of comparative advantage are as follows:

Quantity of resources available
Level of competition in the market
Specialization
Economies of scale

All of these factors are crucial in determining whether or not a company or country will be able to obtain a comparative advantage when producing certain goods.

What are the four main sources of comparative advantage?

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