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comparative advantage

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Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency, this can be explained by the theory of comparative advantage. en.wikipedia.org

Banks have extensive and efficient credit approval systems, which gives them a comparative advantage in knowledge (regarding sector-specific information, legislation and market developments). en.wikipedia.org

When companies want to borrow, they look for cheap borrowing, i.e. from the market where they have comparative advantage. en.wikipedia.org

In these cases, one can not define which country has comparative advantage. en.wikipedia.org

The moment the model expands from one good to multiple goods, the absolute may turn to a comparative advantage. en.wikipedia.org

Programs, projects and activities were planned and implemented that would accent the comparative advantage of the university. en.wikipedia.org

Therefore, international standards would undermine any comparative advantage by increasing the cost of labor. en.wikipedia.org

This difference gives rise to a comparative advantage, a key concept in economics. en.wikipedia.org

Just like interest rate swaps, the currency swaps are also motivated by comparative advantage. en.wikipedia.org

While there are possible gains from trade with absolute advantage, comparative advantage extends the range of possible mutually beneficial exchanges. en.wikipedia.org

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