Explore BrainMass

Explore BrainMass

    absolute and comparative advantage

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain the difference between absolute and comparative advantage.

    © BrainMass Inc. brainmass.com September 28, 2022, 1:26 am ad1c9bdddf

    Solution Preview

    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.