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    absolute and comparative advantage

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    Explain the difference between absolute and comparative advantage.

    © BrainMass Inc. brainmass.com October 9, 2019, 3:57 pm ad1c9bdddf
    https://brainmass.com/economics/comparative-advantage/absolute-and-comparative-advantage-18119

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    A country has an absolute advantage in the production of a good if it can produce more of the good with a fixed amount of resources than can any other country. (i.e. when the ...

    Solution Summary

    The difference between absolute and comparative advantage is portrayed.

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