Psychology Dictionary of ArgumentsHome
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| Comparative Advantage - Psychology Dictionary of Arguments | |||
| Comparative advantage: Comparative advantage is an economic concept where a country or individual can produce a good at a lower opportunity cost than others. It forms the basis for trade, suggesting that specialization and exchange lead to increased efficiency and mutual benefits._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Ricardo, David | Comparative Advantage | Ricardo, David | |
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Ed. Martin Schulz, access date 2025-04-28 | |||
